Cheniere Energy Partners, L.P. (CQP) IPO Opens for Trading

March 21, 2007 9:43 AM EDT Send to a Friend
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The IPO for Cheniere Energy Partners, L.P. (AMEX: CQP) is open for trading. The stock is trading at $21.75 after pricing 13,500,000 common units at $21.

Of the 13,500,000 common units being sold, Cheniere Energy Partners will sell 5,054,164 units and Cheniere LNG Holdings, LLC, a wholly-owned subsidiary of Cheniere, will sell 8,445,836 units.

Cheniere Energy Partners, L.P. is a limited partnership recently formed by Cheniere Energy, Inc. (AMEX: LNG). Through a wholly-owned subsidiary, Cheniere Energy Partners will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel.

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