, /PRNewswire/ -- Cheniere Energy Partners, L.P. ('') (NYSE MKT: CQP) announced today that it expects to export the first liquefied natural gas ('LNG') commissioning cargo from its liquefaction project located in in late February or . The first commissioning cargo was initially expected to occur by late January.

Construction for Train 1 was completed well ahead of the guaranteed contractual schedule and within budget. However, instrumentation issues were discovered during the final phases of plant commissioning and cool down that will require some additional work over the next few weeks.

'We are now expecting the first cargo in late February or March,' said , Interim President and CEO. 'With construction of Train 1 finished, we remain well ahead of the guaranteed contractual schedule with and anticipate no issues in meeting all contractual targets and guaranteed completion dates. Additionally, construction for Trains 2-5 continues to be on an accelerated schedule and these trains are expected to come on-line on a staggered basis. will hand over care, custody and control of each train as they complete its scope of work.'

According to , ' has been continually working towards completing the first unit and working through a few items that will provide assurance to Cheniere Partners that plant reliability and performance will be as expected. These last few items are in final resolution and full LNG production is planned for late .'

owns 100 percent of the Sabine Pass LNG terminal located on the Sabine-Neches Waterway less than four miles from the . The Sabine Pass LNG terminal includes existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe), two docks that can accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of approximately 4.0 Bcf/d.

is developing and constructing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. plans to construct over time up to six liquefaction trains, which are in various stages of development. Each liquefaction train is expected to have a nominal production capacity of approximately 4.5 million tonnes per annum ('mtpa') of LNG. has entered into six third-party LNG sale and purchase agreements ('SPAs') that in the aggregate equate to approximately 19.75 mtpa of LNG and commence with the date of first commercial delivery of Trains 1 through 5 as specified in the respective SPAs. For additional information, please refer to the website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended , filed with the .

This press release contains certain statements that may include 'forward-looking statements.' All statements, other than statements of historical facts, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, and (vi) statements regarding future discussions and entry into contracts. Although believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in periodic reports that are filed with and available from the . You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, does not assume a duty to update these forward-looking statements.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cheniere-partners-expects-first-lng-cargo-in-late-february-or-march-2016-300204466.html

SOURCE

Investors: Randy Bhatia, 713-375-5479, or Katy Cox, 713-375-5079: or Media: Faith Parker, 713-375-5663