Cheniere Energy Partners' revenues went from $270 million in 2015 to $1.1 billion in 2016. They took another leap in 2017, rising to $4.3 billion. The partnership's loss narrowed from $1.21 per unit in 2015 to a loss of $0.78 in 2016 before jumping to a profit of $1.56 per unit in 2017. The partnership was paying a steady distribution throughout the construction phase, and it started to up the payout last year.
With customers already lined up for Sabine Pass' LNG facilities once they were completed, the top- and bottom-line improvement was basically like flipping a switch. And with long-term take-or-pay contracts, it looks like there are years of good results ahead.
In 2017 fully 15% of American LNG exports ended up in China through spot market purchases, but that will increase as more export capacity comes online in the next several years and formal supply deals are signed. By 2020 the United States will boast 9.5 Bcf/d of export capacity -- and Cheniere Energy could own half of that with its Sabine Pass and Corpus Christi terminals. Others will be close behind.
With customers already lined up for Sabine Pass' LNG facilities once they were completed, the top- and bottom-line improvement was basically like flipping a switch. And with long-term take-or-pay contracts, it looks like there are years of good results ahead.
In 2017 fully 15% of American LNG exports ended up in China through spot market purchases, but that will increase as more export capacity comes online in the next several years and formal supply deals are signed. By 2020 the United States will boast 9.5 Bcf/d of export capacity -- and Cheniere Energy could own half of that with its Sabine Pass and Corpus Christi terminals. Others will be close behind.