Cheniere Energy Partners report slight rise in profit

Cheniere Energy Partners on Tuesday reported a net income of $4.5 million for the second quarter of 2017. 

Compared to the $4.4 million recorded in the corresponding quarter in 2016, the net profit edged up slightly, the partnership in which the Houston-based LNG player Cheniere Energy holds an 80.1 percent stake, said in its quarterly report.

The partnership’s earning remained almost flat for the first six months period, reaching $8.95 million in 2017, as compared to $8.93 million in the corresponding period last year.

Cheniere Energy Partners noted that the fourth liquefaction train at the Sabine Pass LNG facility is currently undergoing commissioning with substantial completion expected in the second half of the year.

Train 5 is under construction, and Train 6 is being commercialized and has all necessary regulatory approvals in place.