Cheniere Energy Partners LP, a limited partnership formed by Cheniere Energy Inc. to develop, own and operate the Sabine Pass LNG [liquefied natural gas] receiving terminal currently under construction in western Cameron Parish, LA (see Daily GPI, July 21, 2006), is being spun off as an initial public offering (IPO). Cheniere Energy Partners will be listed on the American Stock Exchange under the symbol “CQP.” The IPO of 12.5 million common units represents 7.6% interest in Cheniere Energy Partners. Of the units being offered, 5.2 million will be offered by Cheniere Energy Partners; the other 7.3 million will be offered by Cheniere LNG Holdings LLC. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Credit Suisse Securities (USA) LLC will act as joint book-running managers. RBC Capital Markets Corp., Sanders Morris Harris Inc., Stifel, Nicolaus & Co. Inc., Howard Weil Inc., Pritchard Capital Partners LLC and FIG Partners LLC Energy Capital Group will act as co-managers.
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