Utilities Stock News Update: Cheniere Energy Partners LP (NYSEMKT:CQP)

Cheniere Energy Partners LP generated a return on investment of 1.20% in past 12 months and return on equity of -35.70% for similar period.

The share price of Cheniere Energy Partners LP (NYSEMKT:CQP) surged 18.05 percent for the year. YTD, the current share price of the stock is above 12.85 percent.

Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE MKT: CQP) recently declared that Substantial Completion of Train 3 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the “SPL Project”) was achieved on March 28, 2017. Commissioning has been accomplished and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals, Inc. is turning over care, custody, and control of Train 3 to Cheniere Partners.

Under a sale and purchase agreement (“SPA”) with Korea Gas Corporation, the date of first commercial delivery (“DFCD”) for Train 3 of the SPL Project is predictable to occur in June 2017, upon which the SPA’s 20-year term begins.

With the achievement of Substantial Completion, financial results of LNG sales from Train 3 going forward will be reflected in the statement of operations of Cheniere Partners and its associates.

Shares of Cheniere Energy Partners LP (NYSEMKT:CQP) declined -0.99% to $32.07on Thursday. The share price is trading in a range of 31.91 – 32.69 (Price in Dollars). The stock exchanged hands with 119,214 shares contrast to its average daily volume of 169,362 shares.

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