RRJ-Backed Cheniere Energy Partners Files For $690M IPO

Houston-based liquefied natural gas company Cheniere Energy, Inc. says one of its subsidiaries, Cheniere Energy Partners (CEP), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for an IPO on the New York Stock Exchange.

CEP, 55.9% owned by Cheniere Energy, is planning to raise a maximum of US$690 million.

Asia-focused private equity firm RRJ Capital and Singapore’s sovereign wealth fund Temasek Holdings invested US$468 million for a 19% stake of Cheniere Energy in May 2012.

In Febuary 2013, a unit of Blackstone Group’s GSO Capital and Seatown Holdings, the hedge fund arm of Temasek, also invested in Cheniere.

Cheniere Energy will ultimately receive the net proceeds from this IPO and intends to use the cash for the development of its existing assets, future projects and general corporate purposes.

China Expert Network
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