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Cost of sales (excluding items shown separately below)

1,474

1,705

3,192

3,453

Operating costs and expenses

398

880

1,097

1,759

Cost of sales—affiliate

Operating and maintenance expense

165

162

317

300

Operating and maintenance expense—affiliate

General and administrative expense

General and administrative expense—affiliate

Depreciation and amortization expense

138

276

252

Impairment expense and loss on disposal of assets

Total operating costs and expenses

786

1,250

1,840

2,436

Income from operations

684

455

1,348

1,018

Other income (expense)

Interest expense, net of capitalized interest

(236)

(230)

(470)

(417)

Loss on modification or extinguishment of debt

(42)

(43)

Other income, net

Total other expense

(278)

(223)

(507)

(401)

Basic and diluted net income per common unit

$ 406

$ 232

$ 841

$ 617

$ 0.78

$ 0.44

$ 1.62

$ 1.19

Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation

348.6

LNG [Member]

Revenues

Revenues

$ 1,332

$ 1,171

$ 2,781

$ 2,538

^[1]

1,336

1,171

2,785

2,537

LNG—affiliate [Member]

Revenues

455

249

760

Regasification [Member]

Revenues

135

133

Other [Member]

Revenues

Accounts and Other Receivables

$ 9

$ 12

$ 23

[1]

LNG revenues include revenues for LNG cargoes in which our customers exercised their contractual right to not take delivery but remained obligated to pay fixed fees irrespective of such election. LNG revenues during the three and six months ended June 30, 2020 included $388 million and $404 million, respectively, in revenues associated with LNG cargoes for which customers have notified us that they will not take delivery, of which $244 million would have otherwise been recognized subsequent to June 30, 2020, if the cargoes were lifted pursuant to the delivery schedules with the customers. LNG revenues during the three months ended June 30, 2020 excluded $16 million that would have otherwise been recognized during the quarter if the cargoes were lifted pursuant to the delivery schedules with the customers. Revenue is generally recognized upon receipt of irrevocable notice that a customer will not take delivery because our customers have no contractual right to take delivery of such LNG cargo in future periods and our performance obligations with respect to such LNG cargo have been satisfied.

Consolidated Statements of Partners' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Units [Member]	Subordinated Units [Member]	General Partner [Member]
Units, Outstanding, beginning of period at Dec. 31, 2018		348.6	135.4
Partners' equity, beginning of period at Dec. 31, 2018	$ 800	$ 1,806	$ (990)	$ (16)
General partner units, Outstanding, beginning of period at Dec. 31, 2018				9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	385	272	105	$ 8
Distributions		$ (206)	$ (80)	(18)
Units, Outstanding, end of period at Mar. 31, 2019		348.6	135.4
Partners' equity, end of period at Mar. 31, 2019	881	$ 1,872	$ (965)	$ (26)
General partner units, Outstanding, end of period at Mar. 31, 2019				9.9
Units, Outstanding, beginning of period at Dec. 31, 2018		348.6	135.4
Partners' equity, beginning of period at Dec. 31, 2018	800	$ 1,806	$ (990)	$ (16)
General partner units, Outstanding, beginning of period at Dec. 31, 2018				9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	617
Units, Outstanding, end of period at Jun. 30, 2019		348.6	135.4
Partners' equity, end of period at Jun. 30, 2019	801	$ 1,827	$ (982)	$ (44)
General partner units, Outstanding, end of period at Jun. 30, 2019				9.9
Units, Outstanding, beginning of period at Mar. 31, 2019		348.6	135.4
Partners' equity, beginning of period at Mar. 31, 2019	881	$ 1,872	$ (965)	$ (26)
General partner units, Outstanding, beginning of period at Mar. 31, 2019				9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	232	164	64	$ 4
Distributions		$ (209)	$ (81)	(22)
Units, Outstanding, end of period at Jun. 30, 2019		348.6	135.4
Partners' equity, end of period at Jun. 30, 2019	801	$ 1,827	$ (982)	$ (44)
General partner units, Outstanding, end of period at Jun. 30, 2019				9.9
Units, Outstanding, beginning of period at Dec. 31, 2019		348.6	135.4
Partners' equity, beginning of period at Dec. 31, 2019	$ 715	$ 1,792	$ (996)	$ (81)
General partner units, Outstanding, beginning of period at Dec. 31, 2019	9.9			9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	$ 435	307	119	$ 9
Distributions		$ (220)	$ (85)	(25)
Units, Outstanding, end of period at Mar. 31, 2020		348.6	135.4
Partners' equity, end of period at Mar. 31, 2020	820	$ 1,879	$ (962)	$ (97)
General partner units, Outstanding, end of period at Mar. 31, 2020				9.9
Units, Outstanding, beginning of period at Dec. 31, 2019		348.6	135.4
Partners' equity, beginning of period at Dec. 31, 2019	$ 715	$ 1,792	$ (996)	$ (81)
General partner units, Outstanding, beginning of period at Dec. 31, 2019	9.9			9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	$ 841
Units, Outstanding, end of period at Jun. 30, 2020		348.6	135.4
Partners' equity, end of period at Jun. 30, 2020	$ 888	$ 1,943	$ (937)	$ (118)
General partner units, Outstanding, end of period at Jun. 30, 2020	9.9			9.9
Units, Outstanding, beginning of period at Mar. 31, 2020		348.6	135.4
Partners' equity, beginning of period at Mar. 31, 2020	$ 820	$ 1,879	$ (962)	$ (97)
General partner units, Outstanding, beginning of period at Mar. 31, 2020				9.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	406	287	111	$ 8
Distributions		$ (223)	$ (86)	(29)
Units, Outstanding, end of period at Jun. 30, 2020		348.6	135.4
Partners' equity, end of period at Jun. 30, 2020	$ 888	$ 1,943	$ (937)	$ (118)
General partner units, Outstanding, end of period at Jun. 30, 2020	9.9			9.9

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Partners' Equity Parentheticals - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Common Units [Member]
Distributions Paid, Per Unit	$ 0.64	$ 0.63	$ 0.60	$ 0.59
Subordinated Units [Member]
Distributions Paid, Per Unit	$ 0.64	$ 0.63	$ 0.60	$ 0.59

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 841	$ 617
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	276	252
Amortization of debt issuance costs, premium and discount	17	14
Loss on modification or extinguishment of debt	43	0
Total gains on derivatives, net	(29)	(84)
Net cash provided by settlement of derivative instruments	3	7
Impairment expense and loss on disposal of assets	5	5
Other	7	5
Changes in operating assets and liabilities:
Accounts and other receivables, net	6	70
Accounts receivable—affiliate	103	(52)
Advances to affiliate	14	(25)
Inventory	14	(4)
Accounts payable and accrued liabilities	(242)	(123)
Due to affiliates	(8)	(2)
Deferred revenue	(133)	7
Other, net	(40)	(44)
Other, net—affiliate	(3)	(3)
Net cash provided by operating activities	874	640
Cash flows from investing activities
Property, plant and equipment, net	(581)	(585)
Other	0	(1)
Net cash used in investing activities	(581)	(586)
Cash flows from financing activities
Proceeds from issuances of debt	1,995	649
Repayments of debt	(2,000)	0
Debt issuance and other financing costs	(34)	(19)
Debt extinguishment costs	39	0
Distributions to owners	(668)	(616)
Other	(1)	3
Net cash provided by (used in) financing activities	(747)	17
Net increase (decrease) in cash, cash equivalents and restricted cash	(454)	71
Cash, cash equivalents and restricted cash—beginning of period	1,962	1,541
Cash, cash equivalents and restricted cash—end of period	$ 1,508	$ 1,612

Consolidated Statements of Cash Flows - Balances per Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Balances per Consolidated Balance Sheets:
Cash and cash equivalents	$ 1,341	$ 1,781
Restricted cash	167	181
Total cash, cash equivalents and restricted cash	$ 1,508	$ 1,962	$ 1,612	$ 1,541

Nature of Operations and Basis of Presentation	6 Months Ended
Nature of Operations and Basis of Presentation	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	NATURE OF OPERATIONS AND BASIS OF PRESENTATION The Sabine Pass LNG terminal is located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Through our subsidiary, SPL, we are currently operating five natural gas liquefaction Trains and are constructing one additional Train for a total production capacity of approximately 30 mtpa of LNG (the “Liquefaction Project”) at the Sabine Pass LNG terminal. Through our subsidiary, SPLNG, we own and operate regasification facilities at the Sabine Pass LNG terminal, which includes pre-existing infrastructure of five LNG storage tanks, two marine berths and vaporizers and an additional marine berth that is under construction. We also own a 94-mile pipeline through our subsidiary, CTPL, that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines (the “Creole Trail Pipeline”). Basis of Presentation The accompanying unaudited Consolidated Financial Statements of Cheniere Partners have been prepared in accordance with GAAP for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Consolidated Financial Statements and accompanying notes included in our annual report on Form 10-K for the fiscal year ended December 31, 2019. Results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2020. We are not subject to either federal or state income tax, as our partners are taxed individually on their allocable share of our taxable income. Recent Accounting Standards In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This guidance primarily provides temporary optional expedients which simplify the accounting for contract modifications to existing debt agreements expected to arise from the market transition from LIBOR to alternative reference rates. The optional expedients were available to be used upon issuance of this guidance but we have not yet applied the guidance because we have not yet modified any of our existing contracts for reference rate reform. Once we apply an optional expedient to a modified contract and adopt this standard, the guidance will be applied to all subsequent applicable contract modifications until December 31, 2022, at which time the optional expedients are no longer available.

Unitholders' Equity	6 Months Ended
Unitholders' Equity	Jun. 30, 2020
Partners' Capital Notes [Abstract]
Unitholders' Equity	UNITHOLDERS’ EQUITY The common units and subordinated units represent limited partner interests in us. The holders of the units are entitled to participate in partnership distributions and exercise the rights and privileges available to limited partners under our partnership agreement. Our partnership agreement requires that, within 45 days after the end of each quarter, we distribute all of our available cash (as defined in our partnership agreement). Generally, our available cash is our cash on hand at the end of a quarter less the amount of any reserves established by our general partner. All distributions paid to date have been made from accumulated operating surplus as defined in the partnership agreement. The holders of common units have the right to receive initial quarterly distributions of $0.425 per common unit, plus any arrearages thereon, before any distribution is made to the holders of the subordinated units. The holders of subordinated units will receive distributions only to the extent we have available cash above the initial quarterly distribution requirement for our common unitholders and general partner and certain reserves. In July 2020, the board of directors of our general partner confirmed and approved that, following the distribution with respect to the three months ended June 30, 2020, the financial tests required for conversion of our subordinated units will be met under the terms of the partnership agreement. Accordingly, effective August 17, 2020, the first business day following the payment of the distribution, all of our subordinated units will be automatically converted into common units on a one-for-one basis and the subordination period will be terminated. Although common unitholders are not obligated to fund losses of the Partnership, its capital account, which would be considered in allocating the net assets of the Partnership were it to be liquidated, continues to share in losses. The general partner interest is entitled to at least 2% of all distributions made by us. In addition, the general partner holds incentive distribution rights (“IDRs”), which allow the general partner to receive a higher percentage of quarterly distributions of available cash from operating surplus after the initial quarterly distributions have been achieved and as additional target levels are met, but may transfer these rights separately from its general partner interest. The higher percentages range from 15% to 50%, inclusive of the general partner interest. As of June 30, 2020, Cheniere, Blackstone CQP Holdco LP (“Blackstone CQP Holdco”) and the public owned a 48.6%, 41.2% and 8.2% interest in us, respectively. Cheniere’s ownership percentage includes its subordinated units and Blackstone CQP Holdco’s ownership percentage excludes any common units that may be deemed to be beneficially owned by Blackstone Group, an affiliate of Blackstone CQP Holdco.

Restricted Cash	6 Months Ended
Restricted Cash	Jun. 30, 2020
Restricted Cash [Abstract]
Restricted Cash	RESTRICTED CASH Restricted cash consists of funds that are contractually or legally restricted as to usage or withdrawal and have been presented separately from cash and cash equivalents on our Consolidated Balance Sheets. As of June 30, 2020 and December 31, 2019, we had $167 million and $181 million of current restricted cash, respectively. Pursuant to the accounts agreement entered into with the collateral trustee for the benefit of SPL’s debt holders, SPL is required to deposit all cash received into reserve accounts controlled by the collateral trustee. The usage or withdrawal of such cash is restricted to the payment of liabilities related to the Liquefaction Project and other restricted payments.

Accounts and Other Receivables

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

ACCOUNTS AND OTHER RECEIVABLES

As of June 30, 2020 and December 31, 2019, accounts and other receivables, net consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
SPL trade receivable	$	245	$	283
Other accounts receivable	46		14
Total accounts and other receivables, net	$	291	$	297

Inventory

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventory

INVENTORY

As of June 30, 2020 and December 31, 2019, inventory consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Natural gas	$	12	$	9
LNG	6		27
Materials and other	83		80
Total inventory	$	101	$	116

Property, Plant and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

As of June 30, 2020 and December 31, 2019, property, plant and equipment, net consisted of the following (in millions):



	June 30,			December 31,
	2020			2019
LNG terminal costs
LNG terminal and interconnecting pipeline facilities	$	16,899		$	16,894
LNG terminal construction-in-process	1,756			1,275
Accumulated depreciation	(2,078		)	(1,807		)
Total LNG terminal costs, net	16,577			16,362
Fixed assets
Fixed assets	29			27
Accumulated depreciation	(22		)	(21		)
Total fixed assets, net	7			6
Property, plant and equipment, net	$	16,584		$	16,368

Depreciation expense was $137 million during both the three months ended June 30, 2020 and 2019 and $274 million and $250 million during the six months ended June 30, 2020 and 2019, respectively.

We realized offsets to LNG terminal costs of $48 million during the six months ended June 30, 2019 that were related to the sale of commissioning cargoes because these amounts were earned or loaded prior to the start of commercial operations of the respective Trains of the Liquefaction Project, during the testing phase for its construction. We did not realize any offsets to LNG terminal costs during the three and six months ended June 30, 2020 and the three months ended June 30, 2019.

Derivative Instruments

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

DERIVATIVE INSTRUMENTS

We have entered into commodity derivatives consisting of natural gas supply contracts for the commissioning and operation of the Liquefaction Project (“Physical Liquefaction Supply Derivatives”) and associated economic hedges (collectively, the “Liquefaction Supply Derivatives”).

We recognize our derivative instruments as either assets or liabilities and measure those instruments at fair value. None of our derivative instruments are designated as cash flow or fair value hedging instruments, and changes in fair value are recorded within our Consolidated Statements of Income to the extent not utilized for the commissioning process.

The following table shows the fair value of our derivative instruments that are required to be measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, which are classified as derivative assets, non-current derivative assets, derivative liabilities or non-current derivative liabilities in our Consolidated Balance Sheets (in millions).



	Fair Value Measurements as of
	June 30, 2020									December 31, 2019
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Liquefaction Supply Derivatives asset (liability)	$	3	$	(4	)	$	51	$	50	$	3	$	(3	)	$	24	$	24

We value our Liquefaction Supply Derivatives using a market-based approach incorporating present value techniques, as needed, using observable commodity price curves, when available, and other relevant data.

The fair value of our Physical Liquefaction Supply Derivatives is predominantly driven by observable and unobservable market commodity prices and, as applicable to our natural gas supply contracts, our assessment of the associated events deriving fair value, including evaluating whether the respective market is available as pipeline infrastructure is developed. The fair value of our Physical Liquefaction Supply Derivatives incorporates risk premiums related to the satisfaction of conditions precedent, such as completion and placement into service of relevant pipeline infrastructure to accommodate marketable physical gas flow.

As of June 30, 2020 and December 31, 2019, some of our Physical Liquefaction Supply Derivatives existed within markets for which the pipeline infrastructure was under development to accommodate marketable physical gas flow.

We include a portion of our Physical Liquefaction Supply Derivatives as Level 3 within the valuation hierarchy as the fair value is developed through the use of internal models which incorporate significant unobservable inputs. In instances where observable data is unavailable, consideration is given to the assumptions that market participants would use in valuing the asset or liability. This includes assumptions about market risks, such as future prices of energy units for unobservable periods, liquidity, volatility and contract duration.

The Level 3 fair value measurements of natural gas positions within our Physical Liquefaction Supply Derivatives could be materially impacted by a significant change in certain natural gas prices. The following table includes quantitative information for the unobservable inputs for our Level 3 Physical Liquefaction Supply Derivatives as of June 30, 2020:



	Net Fair Value Asset (in millions)	Valuation Approach	Significant Unobservable Input	Range of Significant Unobservable Inputs / Weighted Average (1)
Physical Liquefaction Supply Derivatives	$51	Market approach incorporating present value techniques	Henry Hub basis spread	$(0.350) - $0.172 / $0.008


(1)	Unobservable inputs were weighted by the relative fair value of the instruments.

Increases or decreases in basis, in isolation, would decrease or increase, respectively, the fair value of our Physical Liquefaction Supply Derivatives.

The following table shows the changes in the fair value of our Level 3 Physical Liquefaction Supply Derivatives during the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
Balance, beginning of period	$	49		$	29	$	24		$	(25	)
Realized and mark-to-market gains:
Included in cost of sales	4			3		32			16
Purchases and settlements:
Purchases	(1		)	1		—			—
Settlements	(1		)	1		(6		)	43
Transfers out of Level 3 (1)	—			—		1			—
Balance, end of period	$	51		$	34	$	51		$	34
Change in unrealized gains relating to instruments still held at end of period	$	4		$	3	$	32		$	16


(1)	Transferred to Level 2 as a result of observable market for the underlying natural gas purchase agreements.

Derivative assets and liabilities arising from our derivative contracts with the same counterparty are reported on a net basis, as all counterparty derivative contracts provide for the unconditional right of set-off in the event of default. The use of derivative instruments exposes us to counterparty credit risk, or the risk that a counterparty will be unable to meet its commitments in instances when our derivative instruments are in an asset position. Additionally, counterparties are at risk that we will be unable to meet our commitments in instances where our derivative instruments are in a liability position. We incorporate both our own nonperformance risk and the respective counterparty’s nonperformance risk in fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of any applicable credit enhancements, such as collateral postings, set-off rights and guarantees.

Liquefaction Supply Derivatives

SPL has entered into primarily index-based physical natural gas supply contracts and associated economic hedges to purchase natural gas for the commissioning and operation of the Liquefaction Project. The remaining terms of the physical natural gas supply contracts range up to 9 years, some of which commence upon the satisfaction of certain events or states of affairs.

The notional natural gas position of our Liquefaction Supply Derivatives was approximately 4,808 TBtu and 3,663 TBtu as of June 30, 2020 and December 31, 2019, respectively, of which 91 TBtu and zero TBtu, respectively, were for a natural gas supply contract that SPL has with a related party.

The following table shows the fair value and location of our Liquefaction Supply Derivatives on our Consolidated Balance Sheets (in millions):



	Fair Value Measurements as of (1)
Consolidated Balance Sheets Location	June 30, 2020			December 31, 2019
Derivative assets	$	20		$	17
Non-current derivative assets	37			32
Total derivative assets	57			49

Derivative liabilities	(6		)	(9		)
Non-current derivative liabilities	(1		)	(16		)
Total derivative liabilities	(7		)	(25		)

Derivative asset, net	$	50		$	24


(1)	Does not include collateral posted with counterparties by us of $2 million for such contracts, which are included in other current assets in our Consolidated Balance Sheets as of both June 30, 2020 and December 31, 2019. Includes a natural gas supply contract that SPL has with a related party, which had a fair value of zero as of June 30, 2020.

The following table shows the changes in the fair value, settlements and location of our Liquefaction Supply Derivatives recorded on our Consolidated Statements of Income during the three and six months ended June 30, 2020 and 2019 (in millions):



	Consolidated Statements of Income Location (1)	Three Months Ended June 30,					Six Months Ended June 30,
	Consolidated Statements of Income Location (1)	2020			2019		2020			2019
Liquefaction Supply Derivatives gain (loss)	LNG revenues	$	(4	)	$	—	$	(4	)	$	1
Liquefaction Supply Derivatives gain	Cost of sales	12			7		33			83


(1)	Does not include the realized value associated with derivative instruments that settle through physical delivery. Fair value fluctuations associated with commodity derivative activities are classified and presented consistently with the item economically hedged and the nature and intent of the derivative instrument.

Consolidated Balance Sheets Presentation

Our derivative instruments are presented on a net basis on our Consolidated Balance Sheets as described above. The following table shows the fair value of our derivatives outstanding on a gross and net basis (in millions):



	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
Offsetting Derivative Assets (Liabilities)	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
As of June 30, 2020
Liquefaction Supply Derivatives	$	62		$	(5	)	$	57
Liquefaction Supply Derivatives	(10		)	3			(7		)
As of December 31, 2019
Liquefaction Supply Derivatives	$	51		$	(2	)	$	49
Liquefaction Supply Derivatives	(27		)	2			(25		)

Other Non-Current Assets

6 Months Ended

Jun. 30, 2020

Other Assets, Noncurrent [Abstract]

Other Non-Current Assets

OTHER NON-CURRENT ASSETS

As of June 30, 2020 and December 31, 2019, other non-current assets, net consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Advances made to municipalities for water system enhancements	$	86	$	87
Advances and other asset conveyances to third parties to support LNG terminal	34		35
Tax-related prepayments and receivables	17		17
Information technology service prepayments	6		6
Advances made under EPC and non-EPC contracts	6		15
Other	8		8
Total other non-current assets, net	$	157	$	168

Accrued Liabilities

6 Months Ended

Jun. 30, 2020

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

ACCRUED LIABILITIES

As of June 30, 2020 and December 31, 2019, accrued liabilities consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Interest costs and related debt fees	$	205	$	241
Accrued natural gas purchases	122		325
LNG terminal and related pipeline costs	66		135
Other accrued liabilities	17		8
Total accrued liabilities	$	410	$	709

Debt

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Debt

DEBT

As of June 30, 2020 and December 31, 2019, our debt consisted of the following (in millions):



	June 30,			December 31,
	2020			2019
Long-term debt:
SPL
5.625% Senior Secured Notes due 2021 (“2021 SPL Senior Notes”)	$	—		$	2,000
6.25% Senior Secured Notes due 2022 (“2022 SPL Senior Notes”)	1,000			1,000
5.625% Senior Secured Notes due 2023 (“2023 SPL Senior Notes”)	1,500			1,500
5.75% Senior Secured Notes due 2024 (“2024 SPL Senior Notes”)	2,000			2,000
5.625% Senior Secured Notes due 2025 (“2025 SPL Senior Notes”)	2,000			2,000
5.875% Senior Secured Notes due 2026 (“2026 SPL Senior Notes”)	1,500			1,500
5.00% Senior Secured Notes due 2027 (“2027 SPL Senior Notes”)	1,500			1,500
4.200% Senior Secured Notes due 2028 (“2028 SPL Senior Notes”)	1,350			1,350
4.500% Senior Secured Notes due 2030 (“2030 SPL Senior Notes”)	2,000			—
5.00% Senior Secured Notes due 2037 (“2037 SPL Senior Notes”)	800			800
$1.2 billion SPL Working Capital Facility executed in 2020 (“2020 SPL Working Capital Facility”)	—			—
Cheniere Partners
5.250% Senior Notes due 2025 (“2025 CQP Senior Notes”)	1,500			1,500
5.625% Senior Notes due 2026 (“2026 CQP Senior Notes”)	1,100			1,100
4.500% Senior Notes due 2029 (“2029 CQP Senior Notes”)	1,500			1,500
CQP Credit Facilities executed in 2019 (“2019 CQP Credit Facilities”)	—			—
Unamortized premium, discount and debt issuance costs, net	(184		)	(171		)
Total long-term debt, net	17,566			17,579

Current debt:
$1.2 billion SPL Working Capital Facility executed in 2015 (“2015 SPL Working Capital Facility”)	—			—
Total debt, net	$	17,566		$	17,579

2020 Material Debt Activities

2030 SPL Senior Notes

In May 2020, SPL issued an aggregate principal amount of $2.0 billion of the 2030 SPL Senior Notes. The proceeds of the notes, along with cash on hand, were used to redeem all of SPL’s outstanding 2021 SPL Senior Notes, resulting in the recognition of debt extinguishment costs of $43 million for the three and six months ended June 30, 2020 relating to the payment of early redemption fees and write off of unamortized debt premium and issuance costs.

The 2030 SPL Senior Notes mature on May 15, 2030 and accrue interest at a fixed rate of 4.500% per annum, which is payable semi-annually in cash in arrears. The 2030 SPL Senior Notes are governed by the same base indenture (the “SPL Indenture”) as all other series of the SPL senior notes (collectively, the “SPL Senior Notes”), except for the 2037 SPL Senior Notes, and are further governed by the Eighth Supplemental Indenture and the Eleventh Supplemental Indenture (together with the SPL Indenture, the “2030 SPL Notes Indenture”). The 2030 SPL Notes Indenture contains customary terms and events of default and certain covenants that, among other things, limit SPL’s ability and the ability of SPL’s restricted subsidiaries to incur additional indebtedness or issue preferred stock, make certain investments or pay dividends or distributions, transfer assets, including capital stock of SPL’s restricted subsidiaries, restrict dividends or other payments by restricted subsidiaries, incur liens, sell assets, enter into transactions with affiliates and consolidate, merge or sell, lease or otherwise dispose of all or substantially all of SPL’s assets and enter into certain LNG sales contracts.

The 2030 SPL Senior Notes are SPL’s senior secured obligation, ranking equally in right of payment with its other existing and future unsubordinated debt and senior to any of its future subordinated debt.

At any time prior to November 15, 2029, SPL may redeem all or a part of the 2030 SPL Senior Notes at a redemption price equal to the ‘make-whole’ price set forth in the Eleventh Supplemental Indenture, plus accrued and unpaid interest, if any, to the date of redemption. SPL may also, at any time on or after November 15, 2029, redeem the 2030 SPL Senior Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2030 SPL Senior Notes to be redeemed, plus accrued and unpaid interest, if any, to the date of redemption.

In connection with the closing of the 2030 SPL Senior Notes offering, SPL entered into a registration rights agreement (the “SPL Registration Rights Agreement”). Under the SPL Registration Rights Agreement, SPL and any future guarantors of the 2030 SPL Senior Notes, have agreed to file with the SEC and cause to become effective a registration statement relating to an offer to exchange any and all of the 2030 SPL Senior Notes for a like aggregate principal amount of debt securities of SPL with terms identical in all material respects to the 2030 SPL Senior Notes sought to be exchanged (other than with respect to restrictions on transfer or to any increase in annual interest rate) within 360 days after the notes issuance date of May 8, 2020. Under specified circumstances, SPL has agreed to cause to become effective a shelf registration statement relating to resales of the 2030 SPL Senior Notes. SPL will be obligated to pay additional interest on the 2030 SPL Senior Notes if it fails to comply with its obligations to register the 2030 SPL Senior Notes within the specified time period.

2020 SPL Working Capital Facility

In March 2020, SPL entered into the 2020 SPL Working Capital Facility with aggregate commitments of $1.2 billion, which replaced the 2015 SPL Working Capital Facility. The 2020 SPL Working Capital Facility is intended to be used for loans to SPL (“SPL Revolving Loans”), swing line loans to SPL (“SPL Swing Line Loans”) and the issuance of letters of credit on behalf of SPL, primarily for (1) the refinancing of the 2015 SPL Working Capital Facility, (2) fees and expenses related to the 2020 SPL Working Capital Facility, (3) SPL and its future subsidiaries’ gas purchase obligations and (4) SPL and certain of its future subsidiaries’ general corporate purposes. SPL may, from time to time, request increases in the commitments under the 2020 SPL Working Capital Facility of up to $800 million.

Loans under the 2020 SPL Working Capital Facility accrue interest at a variable rate per annum equal to LIBOR or the base rate (equal to the highest of the senior facility agent’s published prime rate, the federal funds rate, as published by the Federal Reserve Bank of New York, plus 0.50% and one month LIBOR plus 1%), plus the applicable margin. The applicable margin for LIBOR loans under the 2020 SPL Working Capital Facility is 1.125% to 1.750% per annum (depending on the then-current rating of SPL), and the applicable margin for base rate loans under the 2020 SPL Working Capital Facility is 0.125% to 0.750% per annum (depending on the then-current rating of SPL). Interest on LIBOR loans is due and payable at the end of each applicable LIBOR period, and interest on base rate loans is due and payable at the end of each fiscal quarter. Interest on loans deemed to be made in connection with a draw upon a letter of credit is due and payable on the date the loan becomes due.

SPL pays a commitment fee equal to an annual rate of 0.1% to 0.3% (depending on the then-current rating of SPL), which accrues on the daily amount of the total commitment less the sum of (1) the outstanding principal amount of SPL Revolving Loans, (2) letters of credit issued and (3) the outstanding principal amount of SPL Swing Line Loans. If draws are made upon a letter of credit issued under the 2020 SPL Working Capital Facility and SPL does not elect for such draw to be deemed an SPL LC Loan (an “SPL LC Draw”), SPL is required to pay the full amount of the SPL LC Draw on or prior to noon eastern time on the business day of the SPL LC Draw. An SPL LC Draw accrues interest at the base rate plus the applicable margin. As of June 30, 2020, no SPL LC Draws had been made upon any letters of credit issued under the 2020 SPL Working Capital Facility.

The 2020 SPL Working Capital Facility matures on March 19, 2025, but may be extended with consent of the lenders. The 2020 SPL Working Capital Facility provides for mandatory prepayments under customary circumstances.

The 2020 SPL Working Capital Facility contains customary conditions precedent for extensions of credit, as well as customary affirmative and negative covenants. SPL is restricted from making certain distributions under agreements governing its indebtedness generally until, among other requirements, satisfaction of a 12-month forward-looking and backward-looking 1.25:1.00 debt service reserve ratio test. The obligations of SPL under the 2020 SPL Working Capital Facility are secured by substantially all of the assets of SPL as well as a pledge of all of the membership interests in SPL and certain future subsidiaries of SPL on a pari passu basis by a first priority lien with the SPL Senior Notes.

Credit Facilities

Below is a summary of our credit facilities outstanding as of June 30, 2020 (in millions):



	2020 SPL Working Capital Facility		2019 CQP Credit Facilities
Original facility size	$	1,200	$	1,500
Less:
Outstanding balance	—		—
Commitments prepaid or terminated	—		750
Letters of credit issued	409		—
Available commitment	$	791	$	750

Interest rate on available balance	LIBOR plus 1.125% - 1.750% or base rate plus 0.125% - 0.750%		LIBOR plus 1.25% - 2.125% or base rate plus 0.25% - 1.125%
Weighted average interest rate of outstanding balance	n/a		n/a
Maturity date	March 19, 2025		May 29, 2024

Restrictive Debt Covenants

As of June 30, 2020, we and SPL were in compliance with all covenants related to our respective debt agreements.

Interest Expense

Total interest expense, net of capitalized interest consisted of the following (in millions):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Total interest cost	$	259		$	237		$	513		$	472
Capitalized interest	(23		)	(7		)	(43		)	(55		)
Total interest expense, net of capitalized interest	$	236		$	230		$	470		$	417

Fair Value Disclosures

The following table shows the carrying amount and estimated fair value of our debt (in millions):



	June 30, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Senior notes (1)	$	16,950	$	18,416	$	16,950	$	18,320
2037 SPL Senior Notes (2)	800		948		800		934
Credit facilities (3)	—		—		—		—


(1)	Includes (1) the SPL Senior Notes except the 2037 SPL Senior Notes and (2) the 2025 CQP Senior Notes, 2026 CQP Senior Notes and 2029 CQP Senior Notes. The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of these senior notes and other similar instruments.


(2)	The Level 3 estimated fair value was calculated based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including our stock price and interest rates based on debt issued by parties with comparable credit ratings to us and inputs that are not observable in the market.

(3)

Includes 2015 SPL Working Capital Facility, 2020 SPL Working Capital Facility and 2019 CQP Credit Facilities. The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty.

Revenues from Contracts with Customers

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues from Contracts with Customers

REVENUES FROM CONTRACTS WITH CUSTOMERS

The following table represents a disaggregation of revenue earned from contracts with customers during the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
LNG revenues (1)	$	1,336		$	1,171	$	2,785		$	2,537
LNG revenues—affiliate	61			455		249			760
Regasification revenues	68			67		135			133
Other revenues	9			12		23			23
Total revenues from customers	1,474			1,705		3,192			3,453
Net derivative gains (losses) (2)	(4		)	—		(4		)	1
Total revenues	$	1,470		$	1,705	$	3,188		$	3,454

(1)


(2)	See Note 7—Derivative Instruments for additional information about our derivatives.

Deferred Revenue Reconciliation

The following table reflects the changes in our contract liabilities, which we classify as deferred revenue on our Consolidated Balance Sheets (in millions):



	Six Months Ended June 30, 2020
Deferred revenues, beginning of period	$	155
Cash received but not yet recognized	22
Revenue recognized from prior period deferral	(155		)
Deferred revenues, end of period	$	22

Transaction Price Allocated to Future Performance Obligations

Because many of our sales contracts have long-term durations, we are contractually entitled to significant future consideration which we have not yet recognized as revenue. The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied as of June 30, 2020 and December 31, 2019:



	June 30, 2020			December 31, 2019
	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)
LNG revenues	$	53.3	9	$	55.0	10
Regasification revenues	2.3		5	2.4		5
Total revenues	$	55.6		$	57.4


(1)	The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.

We have elected the following exemptions which omit certain potential future sources of revenue from the table above:


(1)	We omit from the table above all performance obligations that are part of a contract that has an original expected delivery duration of one year or less.

(2)

The table above excludes substantially all variable consideration under our SPAs and TUAs. We omit from the table above all variable consideration that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation when that performance obligation qualifies as a series. The amount of revenue from variable fees that is not included in the transaction price will vary based on the future prices of Henry Hub throughout the contract terms, to the extent customers elect to take delivery of their LNG, and adjustments to the consumer price index. Certain of our contracts contain additional variable consideration based on the outcome of contingent events and the movement of various indexes. We have not included such variable consideration in the transaction price to the extent the consideration is considered constrained due to the uncertainty of ultimate pricing and receipt. Approximately 29% and 53% of our LNG revenues from contracts included in the table above during the three months ended June 30, 2020 and 2019, respectively, and approximately 37% and 55% of our LNG revenues from contracts included in the table above during the six months ended June 30, 2020 and 2019, respectively, were related to variable consideration received from customers. During each of the three and six months ended June 30, 2020 and 2019, approximately 3% of our regasification revenues were related to variable consideration received from customers.

We may enter into contracts to sell LNG that are conditioned upon one or both of the parties achieving certain milestones such as reaching a final investment decision on a certain liquefaction Train, obtaining financing or achieving substantial completion of a Train and any related facilities. These contracts are considered completed contracts for revenue recognition purposes and are included in the transaction price above when the conditions are considered probable of being met.

Related Party Transactions

6 Months Ended

Jun. 30, 2020

Related Party Transactions

RELATED PARTY TRANSACTIONS

Below is a summary of our related party transactions as reported on our Consolidated Statements of Income for the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
LNG revenues—affiliate
Cheniere Marketing Agreements	$	59	$	455	$	241	$	760
Contracts for Sale and Purchase of Natural Gas and LNG	2		—		8		—
Total LNG revenues—affiliate	61		455		249		760

Cost of sales—affiliate
Contracts for Sale and Purchase of Natural Gas and LNG	5		—		5		—

Operating and maintenance expense—affiliate
Services Agreements	48		37		81		66

General and administrative expense—affiliate
Services Agreements	24		27		49		48

As of June 30, 2020 and December 31, 2019, we had $2 million and $105 million, respectively, of accounts receivable—affiliate, under the agreements described below.

Cheniere Marketing Agreements

Cheniere Marketing SPA

Cheniere Marketing has an SPA (“Base SPA”) with SPL to purchase, at Cheniere Marketing’s option, any LNG produced by SPL in excess of that required for other customers at a price of 115% of Henry Hub plus $3.00 per MMBtu of LNG.

In May 2019, SPL and Cheniere Marketing entered into an amendment to the Base SPA to remove certain conditions related to the sale of LNG from Trains 5 and 6 of the Liquefaction Project and provide that cargoes rejected by Cheniere Marketing under the Base SPA can be sold by SPL to Cheniere Marketing at a contract price equal to a portion of the estimated net profits from the sale of such cargo.

Cheniere Marketing Master SPA

SPL has an agreement with Cheniere Marketing that allows the parties to sell and purchase LNG with each other by executing and delivering confirmations under this agreement. SPL executed a confirmation with Cheniere Marketing that obligated Cheniere Marketing in certain circumstances to buy LNG cargoes produced during the period while Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) had control of, and was commissioning, Train 5 of the Liquefaction Project.

Cheniere Marketing Letter Agreements

In December 2019, SPL and Cheniere Marketing entered into a letter agreement for the sale of up to 43 cargoes scheduled for delivery in 2020 at a price of 115% of Henry Hub plus $1.67 per MMBtu.

Services Agreements

As of June 30, 2020 and December 31, 2019, we had $140 million and $158 million of advances to affiliates, respectively, under the services agreements described below. The non-reimbursement amounts incurred under these agreements are recorded in general and administrative expense—affiliate.

Cheniere Partners Services Agreement

We have a services agreement with Cheniere Terminals, a subsidiary of Cheniere, pursuant to which Cheniere Terminals is entitled to a quarterly non-accountable overhead reimbursement charge of $3 million (adjusted for inflation) for the provision of various general and administrative services for our benefit. In addition, Cheniere Terminals is entitled to reimbursement for all audit, tax, legal and finance fees incurred by Cheniere Terminals that are necessary to perform the services under the agreement.

Cheniere Investments Information Technology Services Agreement

Cheniere Investments has an information technology services agreement with Cheniere, pursuant to which Cheniere Investments’ subsidiaries receive certain information technology services. On a quarterly basis, the various entities receiving the benefit are invoiced by Cheniere Investments according to the cost allocation percentages set forth in the agreement. In addition, Cheniere is entitled to reimbursement for all costs incurred by Cheniere that are necessary to perform the services under the agreement.

SPLNG O&M Agreement

SPLNG has a long-term operation and maintenance agreement (the “SPLNG O&M Agreement”) with Cheniere Investments pursuant to which SPLNG receives all necessary services required to operate and maintain the Sabine Pass LNG receiving terminal. SPLNG pays a fixed monthly fee of $130,000 (indexed for inflation) under the SPLNG O&M Agreement and the cost of a bonus equal to 50% of the salary component of labor costs in certain circumstances to be agreed upon between SPLNG and Cheniere Investments at the beginning of each operating year. In addition, SPLNG is required to reimburse Cheniere Investments for its operating expenses, which consist primarily of labor expenses. Cheniere Investments provides the services required under the SPLNG O&M Agreement pursuant to a secondment agreement with a wholly owned subsidiary of Cheniere. All payments received by Cheniere Investments under the SPLNG O&M Agreement are required to be remitted to such subsidiary.

SPLNG MSA

SPLNG has a long-term management services agreement (the “SPLNG MSA”) with Cheniere Terminals, pursuant to which Cheniere Terminals manages the operation of the Sabine Pass LNG receiving terminal, excluding those matters provided for under the SPLNG O&M Agreement. SPLNG pays a monthly fixed fee of $520,000 (indexed for inflation) under the SPLNG MSA.

SPL O&M Agreement

SPL has an operation and maintenance agreement (the “SPL O&M Agreement”) with Cheniere Investments pursuant to which SPL receives all of the necessary services required to construct, operate and maintain the Liquefaction Project. Before each Train of the Liquefaction Project is operational, the services to be provided include, among other services, obtaining governmental approvals on behalf of SPL, preparing an operating plan for certain periods, obtaining insurance, preparing staffing plans and preparing status reports. After each Train is operational, the services include all necessary services required to operate and maintain the Train. Prior to the substantial completion of each Train of the Liquefaction Project, in addition to reimbursement of operating expenses, SPL is required to pay a monthly fee equal to 0.6% of the capital expenditures incurred in the previous month. After substantial completion of each Train, for services performed while the Train is operational, SPL will pay, in addition to the reimbursement of operating expenses, a fixed monthly fee of $83,333 (indexed for inflation) for services with respect to the Train. Cheniere Investments provides the services required under the SPL O&M Agreement pursuant to a secondment agreement with a wholly owned subsidiary of Cheniere. All payments received by Cheniere Investments under the SPL O&M Agreement are required to be remitted to such subsidiary.

SPL MSA

SPL has a management services agreement (the “SPL MSA”) with Cheniere Terminals pursuant to which Cheniere Terminals manages the construction and operation of the Liquefaction Project, excluding those matters provided for under the SPL O&M Agreement. The services include, among other services, exercising the day-to-day management of SPL’s affairs and business, managing SPL’s regulatory matters, managing bank and brokerage accounts and financial books and records of SPL’s business and operations, entering into financial derivatives on SPL’s behalf and providing contract administration services for all contracts associated with the Liquefaction Project. Prior to the substantial completion of each Train of the Liquefaction Project, SPL pays a monthly fee equal to 2.4% of the capital expenditures incurred in the previous month. After substantial completion of each Train, SPL will pay a fixed monthly fee of $541,667 (indexed for inflation) for services with respect to such Train.

CTPL O&M Agreement

CTPL has an amended long-term operation and maintenance agreement (the “CTPL O&M Agreement”) with Cheniere Investments pursuant to which CTPL receives all necessary services required to operate and maintain the Creole Trail Pipeline. CTPL is required to reimburse Cheniere Investments for its operating expenses, which consist primarily of labor expenses. Cheniere Investments provides the services required under the CTPL O&M Agreement pursuant to a secondment agreement with a wholly owned subsidiary of Cheniere. All payments received by Cheniere Investments under the CTPL O&M Agreement are required to be remitted to such subsidiary.

Natural Gas Supply Agreement

SPL has entered into a natural gas supply contract to obtain feed gas for the operation of the Liquefaction Project with a related party in the ordinary course of business. The term of the agreement is for five years, which can commence no earlier than November 1, 2021 and no later than November 1, 2022, following the achievement of contractually-defined conditions precedent.

Agreement to Fund SPLNG’s Cooperative Endeavor Agreements

SPLNG has executed Cooperative Endeavor Agreements (“CEAs”) with various Cameron Parish, Louisiana taxing authorities that allowed them to collect certain annual property tax payments from SPLNG from 2007 through 2016. This initiative represented an aggregate commitment of $25 million over 10 years in order to aid in their reconstruction efforts following Hurricane Rita. In exchange for SPLNG’s advance payments of annual ad valorem taxes, Cameron Parish may grant SPLNG a dollar-for-dollar credit against future ad valorem taxes to be levied against the Sabine Pass LNG terminal as early as 2019. Beginning in September 2007, SPLNG entered into various agreements with Cheniere Marketing, pursuant to which Cheniere Marketing would pay SPLNG additional TUA revenues equal to any and all amounts payable by SPLNG to the Cameron Parish taxing authorities under the CEAs. In exchange for such amounts received as TUA revenues from Cheniere Marketing, SPLNG will make payments to Cheniere Marketing equal to ad valorem tax levied on our LNG terminal in the year the Cameron Parish dollar-for-dollar credit is applied.

On a consolidated basis, these advance tax payments were recorded to other non-current assets, and payments from Cheniere Marketing that SPLNG utilized to make the ad valorem tax payments were recorded as obligations. We had $4 million and $2 million in due to affiliates and $18 million and $20 million of other non-current liabilities—affiliate resulting from these payments received from Cheniere Marketing as of June 30, 2020 and December 31, 2019, respectively.

Contracts for Sale and Purchase of Natural Gas and LNG

SPLNG is able to sell and purchase natural gas and LNG under agreements with Cheniere Marketing. Under these agreements, SPLNG purchases natural gas or LNG from Cheniere Marketing at a sales price equal to the actual purchase price paid by Cheniere Marketing to suppliers of the natural gas or LNG, plus any third-party costs incurred by Cheniere Marketing with respect to the receipt, purchase and delivery of natural gas or LNG to the Sabine Pass LNG terminal.

SPL has an agreement with CCL that allows them to sell and purchase natural gas from each other. Natural gas purchased under this agreement is initially recorded as inventory and then to cost of sales—affiliate upon its sale, except for purchases related to commissioning activities which are capitalized as LNG terminal construction-in-process. Natural gas sold under this agreement is recorded as LNG revenues—affiliate.

Terminal Marine Services Agreement

In connection with its tug boat lease, Tug Services entered into an agreement with Cheniere Terminals to provide its LNG cargo vessels with tug boat and marine services at the Sabine Pass LNG terminal. The agreement also provides that Tug Services shall contingently pay Cheniere Terminals a portion of its future revenues. Accordingly, Tug Services distributed $2 million during both the three months ended June 30, 2020 and 2019, respectively, and $3 million during both the six months ended June 30, 2020 and 2019 to Cheniere Terminals, which is recognized as part of the distributions to our general partner interest holders on our Consolidated Statements of Partners’ Equity.

LNG Terminal Export Agreement

SPLNG and Cheniere Marketing have an LNG terminal export agreement that provides Cheniere Marketing the ability to export LNG from the Sabine Pass LNG terminal. SPLNG did not record any revenues associated with this agreement during the three and six months ended June 30, 2020 and 2019.

State Tax Sharing Agreements

SPLNG has a state tax sharing agreement with Cheniere. Under this agreement, Cheniere has agreed to prepare and file all state and local tax returns which SPLNG and Cheniere are required to file on a combined basis and to timely pay the combined state and local tax liability. If Cheniere, in its sole discretion, demands payment, SPLNG will pay to Cheniere an amount equal to the state and local tax that SPLNG would be required to pay if its state and local tax liability were calculated on a separate company basis. There have been no state and local taxes paid by Cheniere for which Cheniere could have demanded payment from SPLNG under this agreement; therefore, Cheniere has not demanded any such payments from SPLNG. The agreement is effective for tax returns due on or after January 1, 2008.

SPL has a state tax sharing agreement with Cheniere. Under this agreement, Cheniere has agreed to prepare and file all state and local tax returns which SPL and Cheniere are required to file on a combined basis and to timely pay the combined state and local tax liability. If Cheniere, in its sole discretion, demands payment, SPL will pay to Cheniere an amount equal to the state and local tax that SPL would be required to pay if SPL’s state and local tax liability were calculated on a separate company basis. There have been no state and local taxes paid by Cheniere for which Cheniere could have demanded payment from SPL under this agreement; therefore, Cheniere has not demanded any such payments from SPL. The agreement is effective for tax returns due on or after August 2012.

CTPL has a state tax sharing agreement with Cheniere. Under this agreement, Cheniere has agreed to prepare and file all state and local tax returns which CTPL and Cheniere are required to file on a combined basis and to timely pay the combined state and local tax liability. If Cheniere, in its sole discretion, demands payment, CTPL will pay to Cheniere an amount equal to the state and local tax that CTPL would be required to pay if CTPL’s state and local tax liability were calculated on a separate company basis. There have been no state and local taxes paid by Cheniere for which Cheniere could have demanded payment from CTPL

under this agreement; therefore, Cheniere has not demanded any such payments from CTPL. The agreement is effective for tax returns due on or after May 2013.

Net Income per Common Unit

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Income per Common Unit

NET INCOME PER COMMON UNIT

Net income per common unit for a given period is based on the distributions that will be made to the unitholders with respect to the period plus an allocation of undistributed net income based on provisions of the partnership agreement, divided by the weighted average number of common units outstanding. Distributions paid by us are presented on the Consolidated Statements of Partners’ Equity. On July 28, 2020, we declared a $0.645 distribution per common unit and subordinated unit and the related distribution to our general partner and IDR holders to be paid on August 14, 2020 to unitholders of record as of August 7, 2020 for the period from April 1, 2020 to June 30, 2020. Additionally, the board of directors of our general partner confirmed and approved that, following the distribution with respect to the three months ended June 30, 2020, the financial tests required for conversion of our subordinated units will be met under the terms of the partnership agreement. Accordingly, effective August 17, 2020, the first business day following the payment of the distribution, all of our subordinated units will be automatically converted into common units on a one-for-one basis and the subordination period will be terminated.

The two-class method dictates that net income for a period be reduced by the amount of available cash that will be distributed with respect to that period and that any residual amount representing undistributed net income to be allocated to common unitholders and other participating unitholders to the extent that each unit may share in net income as if all of the net income for the period had been distributed in accordance with the partnership agreement. Undistributed income is allocated to participating securities based on the distribution waterfall for available cash specified in the partnership agreement. Undistributed losses (including those resulting from distributions in excess of net income) are allocated to common units and other participating securities on a pro rata basis based on provisions of the partnership agreement. Distributions are treated as distributed earnings in the computation of earnings per common unit even though cash distributions are not necessarily derived from current or prior period earnings.

The following table provides a reconciliation of net income and the allocation of net income to the common units, the subordinated units, the general partner units and IDRs for purposes of computing basic and diluted net income per unit (in millions, except per unit data).



				Limited Partner Units
	Total			Common Units			Subordinated Units			General Partner Units			IDR
Three Months Ended June 30, 2020
Net income	$	406
Declared distributions	341			225			87			7			22
Assumed allocation of undistributed net income (1)	$	65		46			18			1			—
Assumed allocation of net income				$	271		$	105		$	8		$	22

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit (2)				$	0.78		$	0.78

Three Months Ended June 30, 2019
Net income	$	232
Declared distributions	316			211			83			7			15
Assumed allocation of undistributed net loss (1)	$	(84	)	(58		)	(24		)	(2		)	—
Assumed allocation of net income				$	153		$	59		$	5		$	15

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	0.44		$	0.44

Six Months Ended June 30, 2020
Net income	$	841
Declared distributions	678			448			174			14			42
Assumed allocation of undistributed net income (1)	$	163		115			45			3			—
Assumed allocation of net income				$	563		$	219		$	17		$	42

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	1.62		$	1.62

Six Months Ended June 30, 2019
Net income	$	617
Declared distributions	626			421			164			13			28
Assumed allocation of undistributed net loss (1)	$	(9	)	(6		)	(3		)	—			—
Assumed allocation of net income				$	415		$	161		$	13		$	28

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	1.19		$	1.19


(1)	Under our partnership agreement, the IDRs participate in net income only to the extent of the amount of cash distributions actually declared, thereby excluding the IDRs from participating in undistributed net income.

(2)

Earnings per unit in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.

Customer Concentration

6 Months Ended

Jun. 30, 2020

Risks and Uncertainties [Abstract]

Customer Concentration

CUSTOMER CONCENTRATION

The following table shows customers with revenues of 10% or greater of total revenues from external customers and customers with accounts receivable, net balances of 10% or greater of total accounts receivable, net from external customers:



	Percentage of Total Revenues from External Customers				Percentage of Accounts Receivable, Net from External Customers
	Three Months Ended June 30,		Six Months Ended June 30,		June 30,	December 31,
	2020	2019	2020	2019	2020	2019
Customer A	25%	30%	26%	30%	12%	21%
Customer B	15%	20%	15%	19%	*	13%
Customer C	17%	19%	16%	19%	27%	22%
Customer D	16%	23%	16%	23%	17%	13%
Customer E	*	—%	*	—%	10%	13%
Customer F	11%	*	11%	*	15%	14%

* Less than 10%

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental disclosure of cash flow information (in millions):



	Six Months Ended June 30,
	2020		2019
Cash paid during the period for interest, net of amounts capitalized	$	483	$	355

The balance in property, plant and equipment, net funded with accounts payable and accrued liabilities (including affiliate) was $208 million and $690 million as of June 30, 2020 and 2019, respectively.

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Policy	Basis of Presentation The accompanying unaudited Consolidated Financial Statements of Cheniere Partners have been prepared in accordance with GAAP for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Consolidated Financial Statements and accompanying notes included in our annual report on Form 10-K for the fiscal year ended December 31, 2019.
Income Taxes, Policy	We are not subject to either federal or state income tax, as our partners are taxed individually on their allocable share of our taxable income.
Recent Accounting Standards	Recent Accounting Standards In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This guidance primarily provides temporary optional expedients which simplify the accounting for contract modifications to existing debt agreements expected to arise from the market transition from LIBOR to alternative reference rates. The optional expedients were available to be used upon issuance of this guidance but we have not yet applied the guidance because we have not yet modified any of our existing contracts for reference rate reform. Once we apply an optional expedient to a modified contract and adopt this standard, the guidance will be applied to all subsequent applicable contract modifications until December 31, 2022, at which time the optional expedients are no longer available.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 20
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-Topic 740
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+ Details

Accounts and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule of Accounts and Other Receivables

As of June 30, 2020 and December 31, 2019, accounts and other receivables, net consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
SPL trade receivable	$	245	$	283
Other accounts receivable	46		14
Total accounts and other receivables, net	$	291	$	297

Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory

As of June 30, 2020 and December 31, 2019, inventory consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Natural gas	$	12	$	9
LNG	6		27
Materials and other	83		80
Total inventory	$	101	$	116

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

As of June 30, 2020 and December 31, 2019, property, plant and equipment, net consisted of the following (in millions):



	June 30,			December 31,
	2020			2019
LNG terminal costs
LNG terminal and interconnecting pipeline facilities	$	16,899		$	16,894
LNG terminal construction-in-process	1,756			1,275
Accumulated depreciation	(2,078		)	(1,807		)
Total LNG terminal costs, net	16,577			16,362
Fixed assets
Fixed assets	29			27
Accumulated depreciation	(22		)	(21		)
Total fixed assets, net	7			6
Property, plant and equipment, net	$	16,584		$	16,368

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Assets and Liabilities



	Fair Value Measurements as of
	June 30, 2020									December 31, 2019
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Liquefaction Supply Derivatives asset (liability)	$	3	$	(4	)	$	51	$	50	$	3	$	(3	)	$	24	$	24

Fair Value Measurement Inputs and Valuation Techniques

The following table includes quantitative information for the unobservable inputs for our Level 3 Physical Liquefaction Supply Derivatives as of June 30, 2020:



	Net Fair Value Asset (in millions)	Valuation Approach	Significant Unobservable Input	Range of Significant Unobservable Inputs / Weighted Average (1)
Physical Liquefaction Supply Derivatives	$51	Market approach incorporating present value techniques	Henry Hub basis spread	$(0.350) - $0.172 / $0.008


(1)	Unobservable inputs were weighted by the relative fair value of the instruments.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table shows the changes in the fair value of our Level 3 Physical Liquefaction Supply Derivatives during the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
Balance, beginning of period	$	49		$	29	$	24		$	(25	)
Realized and mark-to-market gains:
Included in cost of sales	4			3		32			16
Purchases and settlements:
Purchases	(1		)	1		—			—
Settlements	(1		)	1		(6		)	43
Transfers out of Level 3 (1)	—			—		1			—
Balance, end of period	$	51		$	34	$	51		$	34
Change in unrealized gains relating to instruments still held at end of period	$	4		$	3	$	32		$	16

(1)

Transferred to Level 2 as a result of observable market for the underlying natural gas purchase agreements.

Fair Value of Derivative Instruments by Balance Sheet Location

The following table shows the fair value and location of our Liquefaction Supply Derivatives on our Consolidated Balance Sheets (in millions):



	Fair Value Measurements as of (1)
Consolidated Balance Sheets Location	June 30, 2020			December 31, 2019
Derivative assets	$	20		$	17
Non-current derivative assets	37			32
Total derivative assets	57			49

Derivative liabilities	(6		)	(9		)
Non-current derivative liabilities	(1		)	(16		)
Total derivative liabilities	(7		)	(25		)

Derivative asset, net	$	50		$	24


(1)	Does not include collateral posted with counterparties by us of $2 million for such contracts, which are included in other current assets in our Consolidated Balance Sheets as of both June 30, 2020 and December 31, 2019. Includes a natural gas supply contract that SPL has with a related party, which had a fair value of zero as of June 30, 2020.

Derivative Instruments, Gain (Loss)



	Consolidated Statements of Income Location (1)	Three Months Ended June 30,					Six Months Ended June 30,
	Consolidated Statements of Income Location (1)	2020			2019		2020			2019
Liquefaction Supply Derivatives gain (loss)	LNG revenues	$	(4	)	$	—	$	(4	)	$	1
Liquefaction Supply Derivatives gain	Cost of sales	12			7		33			83

(1)

Does not include the realized value associated with derivative instruments that settle through physical delivery. Fair value fluctuations associated with commodity derivative activities are classified and presented consistently with the item economically hedged and the nature and intent of the derivative instrument.

Derivative Net Presentation on Consolidated Balance Sheets

The following table shows the fair value of our derivatives outstanding on a gross and net basis (in millions):



	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
Offsetting Derivative Assets (Liabilities)	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
As of June 30, 2020
Liquefaction Supply Derivatives	$	62		$	(5	)	$	57
Liquefaction Supply Derivatives	(10		)	3			(7		)
As of December 31, 2019
Liquefaction Supply Derivatives	$	51		$	(2	)	$	49
Liquefaction Supply Derivatives	(27		)	2			(25		)

Other Non-Current Assets (Tables)

6 Months Ended

Jun. 30, 2020

Other Assets, Noncurrent [Abstract]

Schedule of Other Non-Current Assets

As of June 30, 2020 and December 31, 2019, other non-current assets, net consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Advances made to municipalities for water system enhancements	$	86	$	87
Advances and other asset conveyances to third parties to support LNG terminal	34		35
Tax-related prepayments and receivables	17		17
Information technology service prepayments	6		6
Advances made under EPC and non-EPC contracts	6		15
Other	8		8
Total other non-current assets, net	$	157	$	168

Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

As of June 30, 2020 and December 31, 2019, accrued liabilities consisted of the following (in millions):



	June 30,		December 31,
	2020		2019
Interest costs and related debt fees	$	205	$	241
Accrued natural gas purchases	122		325
LNG terminal and related pipeline costs	66		135
Other accrued liabilities	17		8
Total accrued liabilities	$	410	$	709

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt Instruments

As of June 30, 2020 and December 31, 2019, our debt consisted of the following (in millions):



	June 30,			December 31,
	2020			2019
Long-term debt:
SPL
5.625% Senior Secured Notes due 2021 (“2021 SPL Senior Notes”)	$	—		$	2,000
6.25% Senior Secured Notes due 2022 (“2022 SPL Senior Notes”)	1,000			1,000
5.625% Senior Secured Notes due 2023 (“2023 SPL Senior Notes”)	1,500			1,500
5.75% Senior Secured Notes due 2024 (“2024 SPL Senior Notes”)	2,000			2,000
5.625% Senior Secured Notes due 2025 (“2025 SPL Senior Notes”)	2,000			2,000
5.875% Senior Secured Notes due 2026 (“2026 SPL Senior Notes”)	1,500			1,500
5.00% Senior Secured Notes due 2027 (“2027 SPL Senior Notes”)	1,500			1,500
4.200% Senior Secured Notes due 2028 (“2028 SPL Senior Notes”)	1,350			1,350
4.500% Senior Secured Notes due 2030 (“2030 SPL Senior Notes”)	2,000			—
5.00% Senior Secured Notes due 2037 (“2037 SPL Senior Notes”)	800			800
$1.2 billion SPL Working Capital Facility executed in 2020 (“2020 SPL Working Capital Facility”)	—			—
Cheniere Partners
5.250% Senior Notes due 2025 (“2025 CQP Senior Notes”)	1,500			1,500
5.625% Senior Notes due 2026 (“2026 CQP Senior Notes”)	1,100			1,100
4.500% Senior Notes due 2029 (“2029 CQP Senior Notes”)	1,500			1,500
CQP Credit Facilities executed in 2019 (“2019 CQP Credit Facilities”)	—			—
Unamortized premium, discount and debt issuance costs, net	(184		)	(171		)
Total long-term debt, net	17,566			17,579

Current debt:
$1.2 billion SPL Working Capital Facility executed in 2015 (“2015 SPL Working Capital Facility”)	—			—
Total debt, net	$	17,566		$	17,579

Schedule of Line of Credit Facilities

Below is a summary of our credit facilities outstanding as of June 30, 2020 (in millions):



	2020 SPL Working Capital Facility		2019 CQP Credit Facilities
Original facility size	$	1,200	$	1,500
Less:
Outstanding balance	—		—
Commitments prepaid or terminated	—		750
Letters of credit issued	409		—
Available commitment	$	791	$	750

Interest rate on available balance	LIBOR plus 1.125% - 1.750% or base rate plus 0.125% - 0.750%		LIBOR plus 1.25% - 2.125% or base rate plus 0.25% - 1.125%
Weighted average interest rate of outstanding balance	n/a		n/a
Maturity date	March 19, 2025		May 29, 2024

Schedule of Interest Expense

Total interest expense, net of capitalized interest consisted of the following (in millions):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Total interest cost	$	259		$	237		$	513		$	472
Capitalized interest	(23		)	(7		)	(43		)	(55		)
Total interest expense, net of capitalized interest	$	236		$	230		$	470		$	417

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table shows the carrying amount and estimated fair value of our debt (in millions):



	June 30, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Senior notes (1)	$	16,950	$	18,416	$	16,950	$	18,320
2037 SPL Senior Notes (2)	800		948		800		934
Credit facilities (3)	—		—		—		—


(1)	Includes (1) the SPL Senior Notes except the 2037 SPL Senior Notes and (2) the 2025 CQP Senior Notes, 2026 CQP Senior Notes and 2029 CQP Senior Notes. The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of these senior notes and other similar instruments.


(2)	The Level 3 estimated fair value was calculated based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including our stock price and interest rates based on debt issued by parties with comparable credit ratings to us and inputs that are not observable in the market.

(3)

Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table represents a disaggregation of revenue earned from contracts with customers during the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
LNG revenues (1)	$	1,336		$	1,171	$	2,785		$	2,537
LNG revenues—affiliate	61			455		249			760
Regasification revenues	68			67		135			133
Other revenues	9			12		23			23
Total revenues from customers	1,474			1,705		3,192			3,453
Net derivative gains (losses) (2)	(4		)	—		(4		)	1
Total revenues	$	1,470		$	1,705	$	3,188		$	3,454

(1)

(2)

See Note 7—Derivative Instruments for additional information about our derivatives.

Contract Balances Reconciliation

The following table reflects the changes in our contract liabilities, which we classify as deferred revenue on our Consolidated Balance Sheets (in millions):



	Six Months Ended June 30, 2020
Deferred revenues, beginning of period	$	155
Cash received but not yet recognized	22
Revenue recognized from prior period deferral	(155		)
Deferred revenues, end of period	$	22

Transaction Price Allocated to Future Performance Obligations

The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied as of June 30, 2020 and December 31, 2019:



	June 30, 2020			December 31, 2019
	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)
LNG revenues	$	53.3	9	$	55.0	10
Regasification revenues	2.3		5	2.4		5
Total revenues	$	55.6		$	57.4

(1)

The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Related Party Transactions

Below is a summary of our related party transactions as reported on our Consolidated Statements of Income for the three and six months ended June 30, 2020 and 2019 (in millions):



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
LNG revenues—affiliate
Cheniere Marketing Agreements	$	59	$	455	$	241	$	760
Contracts for Sale and Purchase of Natural Gas and LNG	2		—		8		—
Total LNG revenues—affiliate	61		455		249		760

Cost of sales—affiliate
Contracts for Sale and Purchase of Natural Gas and LNG	5		—		5		—

Operating and maintenance expense—affiliate
Services Agreements	48		37		81		66

General and administrative expense—affiliate
Services Agreements	24		27		49		48

Net Income per Common Unit (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Net Income per Common Unit



				Limited Partner Units
	Total			Common Units			Subordinated Units			General Partner Units			IDR
Three Months Ended June 30, 2020
Net income	$	406
Declared distributions	341			225			87			7			22
Assumed allocation of undistributed net income (1)	$	65		46			18			1			—
Assumed allocation of net income				$	271		$	105		$	8		$	22

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit (2)				$	0.78		$	0.78

Three Months Ended June 30, 2019
Net income	$	232
Declared distributions	316			211			83			7			15
Assumed allocation of undistributed net loss (1)	$	(84	)	(58		)	(24		)	(2		)	—
Assumed allocation of net income				$	153		$	59		$	5		$	15

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	0.44		$	0.44

Six Months Ended June 30, 2020
Net income	$	841
Declared distributions	678			448			174			14			42
Assumed allocation of undistributed net income (1)	$	163		115			45			3			—
Assumed allocation of net income				$	563		$	219		$	17		$	42

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	1.62		$	1.62

Six Months Ended June 30, 2019
Net income	$	617
Declared distributions	626			421			164			13			28
Assumed allocation of undistributed net loss (1)	$	(9	)	(6		)	(3		)	—			—
Assumed allocation of net income				$	415		$	161		$	13		$	28

Weighted average units outstanding				348.6			135.4
Basic and diluted net income per unit				$	1.19		$	1.19


(1)	Under our partnership agreement, the IDRs participate in net income only to the extent of the amount of cash distributions actually declared, thereby excluding the IDRs from participating in undistributed net income.

(2)

Earnings per unit in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.

Customer Concentration (Tables)

6 Months Ended

Jun. 30, 2020

Risks and Uncertainties [Abstract]

Schedule of Revenue and Accounts Receivable by Major Customers



	Percentage of Total Revenues from External Customers				Percentage of Accounts Receivable, Net from External Customers
	Three Months Ended June 30,		Six Months Ended June 30,		June 30,	December 31,
	2020	2019	2020	2019	2020	2019
Customer A	25%	30%	26%	30%	12%	21%
Customer B	15%	20%	15%	19%	*	13%
Customer C	17%	19%	16%	19%	27%	22%
Customer D	16%	23%	16%	23%	17%	13%
Customer E	*	—%	*	—%	10%	13%
Customer F	11%	*	11%	*	15%	14%

* Less than 10%

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

The following table provides supplemental disclosure of cash flow information (in millions):



	Six Months Ended June 30,
	2020		2019
Cash paid during the period for interest, net of amounts capitalized	$	483	$	355

Nature of Operations and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2020 unit mi item milliontonnes / yr trains
Sabine Pass LNG Terminal [Member]
Nature of Operations and Basis of Presentation [Line Items]
Number of Liquefaction LNG Trains Operating \| trains	5
Number of Liquefaction LNG Trains Constructing \| trains	1
Total Production Capability \| milliontonnes / yr	30
Number Of LNG Storage Tanks \| unit	5
Number of Marine Berths Operating \| item	2
Number of Marine Berths Constructing \| item	1
Creole Trail Pipeline [Member]
Nature of Operations and Basis of Presentation [Line Items]
Length of Natural Gas Pipeline \| mi	94

Unitholders' Equity (Details) - $ / shares		6 Months Ended
Unitholders' Equity (Details) - $ / shares	Aug. 17, 2020	Jun. 30, 2020
Maximum [Member]
Other Ownership Interests [Line Items]
Number of days after quarter end distribution is paid		45 days
Common Units [Member]
Other Ownership Interests [Line Items]
Initial Quarterly Distributions Per Limited Partnership Unit Outstanding		$ 0.425
General Partner [Member] \| Minimum [Member]
Other Ownership Interests [Line Items]
Distributions entitled by General Partner, Percentage		2.00%
Incentive Distribution, Quarterly Distribution Additional Target Percentage		15.00%
General Partner [Member] \| Maximum [Member]
Other Ownership Interests [Line Items]
Incentive Distribution, Quarterly Distribution Additional Target Percentage		50.00%
Cheniere [Member] \| Cheniere Energy Partners, LP [Member]
Other Ownership Interests [Line Items]
Limited Partner Ownership Percentage		48.60%
Blackstone [Member] \| Cheniere Energy Partners, LP [Member]
Other Ownership Interests [Line Items]
Limited Partner Ownership Percentage		41.20%
Public [Member] \| Cheniere Energy Partners, LP [Member]
Other Ownership Interests [Line Items]
Limited Partner Ownership Percentage		8.20%
Subsequent Event [Member] \| Subordinated Units [Member]
Other Ownership Interests [Line Items]
Percentage of outstanding subordinated units converted into common units	100.00%

Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	$ 167	$ 181
SPL Project [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	$ 167	$ 181

Accounts and Other Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
SPL trade receivable	$ 245	$ 283
Other accounts receivable	46	14
Total accounts and other receivables	$ 291	$ 297

Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory [Line Items]
Inventory	$ 101	$ 116
Natural gas [Member]
Inventory [Line Items]
Inventory	12	9
LNG [Member]
Inventory [Line Items]
Inventory	6	27
Materials and other [Member]
Inventory [Line Items]
Inventory	$ 83	$ 80

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 137	$ 137	$ 274	$ 250
Offsets to LNG terminal costs	$ 0	$ 0	$ 0	$ 48

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 16,584	$ 16,368
LNG terminal costs [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(2,078)	(1,807)
Property, plant and equipment, net	16,577	16,362
LNG terminal and interconnecting pipeline facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	16,899	16,894
LNG terminal construction-in-process [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,756	1,275
Fixed assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	29	27
Accumulated depreciation	(22)	(21)
Property, plant and equipment, net	$ 7	$ 6

Derivative Instruments - Narrative (Details) - tbtu	6 Months Ended
Derivative Instruments - Narrative (Details) - tbtu	Jun. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Nonmonetary Notional Amount	4,808	3,663
Physical Liquefaction Supply Derivatives [Member] \| Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Term of Contract	9 years
SPL [Member] \| Natural Gas Supply Agreement [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Nonmonetary Notional Amount	91	0

Derivative Instruments - Fair Value of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 50	$ 24
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	3	3
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(4)	(3)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 51	$ 24

Derivative Instruments - Fair Value Inputs - Quantitative Information (Details) - USD ($)

6 Months Ended

Jun. 30, 2020

Dec. 31, 2019

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Net Fair Value Asset

$ 50,000,000

$ 24,000,000

Fair Value, Inputs, Level 3 [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Net Fair Value Asset

51,000,000

$ 24,000,000

Physical Liquefaction Supply Derivatives [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Net Fair Value Asset

51,000,000

Physical Liquefaction Supply Derivatives [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Significant Unobservable Input Range

^[1]

(0.350)

Physical Liquefaction Supply Derivatives [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Significant Unobservable Input Range

^[1]

0.172

Physical Liquefaction Supply Derivatives [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Significant Unobservable Input Range

^[1]

$ 0.008

[1]	Unobservable inputs were weighted by the relative fair value of the instruments.

Derivative Instruments - Schedule of Level 3 Activity (Details) - Physical Liquefaction Supply Derivatives [Member] - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Balance, beginning of period

$ 49

$ 29

$ 24

$ (25)

Realized and mark-to-market gains:

Included in cost of sales

Purchases and settlements:

Purchases

(1)

Settlements

Transfers out of Level 3

^[1]

Balance, end of period

Change in unrealized gains relating to instruments still held at end of period

$ 4

$ 3

$ 32

$ 16

[1]	Transferred to Level 2 as a result of observable market for the underlying natural gas purchase agreements.

Derivative Instruments - Fair Value of Derivative Instruments by Balance Sheet Location (Details) - USD ($)
$ in Millions

Jun. 30, 2020

Dec. 31, 2019

Non-current derivative assets

Derivative assets

$ 20

$ 17

Total derivative assets

^[1]

Derivative liabilities

(6)

(9)

Non-current derivative liabilities

(1)

(16)

Total derivative liabilities

^[1]

(7)

(25)

Derivative asset (liability), net

^[1]

Derivative, collateral posted by us

Natural Gas Supply Agreement [Member]

Derivative asset (liability), net

Derivative assets [Member]

Non-current derivative assets [Member]

Derivative assets

^[1]

Non-current derivative assets

^[1]

Derivative liabilities [Member]

Non-current derivative liabilities [Member]

Derivative liabilities

^[1]

(6)

(9)

Non-current derivative liabilities

^[1]

$ (1)

$ (16)

[1]

Does not include collateral posted with counterparties by us of $2 million for such contracts, which are included in other current assets in our Consolidated Balance Sheets as of both June 30, 2020 and December 31, 2019. Includes a natural gas supply contract that SPL has with a related party, which had a fair value of zero as of June 30, 2020.

Derivative Instruments - Derivative Instruments, Gain (Loss) (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2018

Jun. 30, 2020

Jun. 30, 2019

LNG revenues [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivative gain (loss), net

^[1]

$ (4)

$ 0

$ (4)

$ 1

Cost of sales [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivative gain (loss), net

^[1]

$ 12

$ 7

$ 33

$ 83

[1]

Derivative Instruments - Balance Sheet Presentation Table (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 50	$ 24
Liquefaction Supply Derivative Asset [Member]
Derivative [Line Items]
Derivative Asset, Gross Amounts Recognized	62	51
Derivative Asset, Gross Amounts Offset in the Consolidated Balance Sheet	(5)	(2)
Derivative Assets (Liabilities), at Fair Value, Net	57	49
Liquefaction Supply Derivative Liability [Member]
Derivative [Line Items]
Derivative Liability, Gross Amounts Recognized	(10)	(27)
Derivative Liability, Gross Amounts Offset in the Consolidated Balance Sheet	3	2
Derivative Assets (Liabilities), at Fair Value, Net	$ (7)	$ (25)

Other Non-Current Assets (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Other Assets, Noncurrent [Abstract]
Advances made to municipalities for water system enhancements	$ 86	$ 87
Advances and other asset conveyances to third parties to support LNG terminal	34	35
Tax-related prepayments and receivables	17	17
Information technology service prepayments	6	6
Advances made under EPC and non-EPC contracts	6	15
Other	8	8
Other non-current assets, net	$ 157	$ 168

Accrued Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Accrued Liabilities, Current [Abstract]
Interest costs and related debt fees	$ 205	$ 241
Accrued natural gas purchases	122	325
LNG terminal and related pipeline costs	66	135
Other accrued liabilities	17	8
Total accrued liabilities	$ 410	$ 709

Debt - Schedule of Debt Instruments (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term Debt, Net	$ 17,566,000,000	$ 17,579,000,000
Total Debt, Net	17,566,000,000	17,579,000,000
Long-term Debt [Member]
Debt Instrument [Line Items]
Unamortized premium, discount and debt issuance costs, net	(184,000,000)	(171,000,000)
2021 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0	2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.625%
2022 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,000,000,000	1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	6.25%
2023 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.625%
2024 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,000,000,000	2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.75%
2025 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,000,000,000	2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.625%
2026 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.875%
2027 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
2028 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,350,000,000	1,350,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.20%
2030 Sabine Pass Liquefaction Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,000,000,000	0
Debt Instrument, Interest Rate, Stated Percentage	4.50%
2037 SPL Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 800,000,000	800,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
2020 SPL Working Capital Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0	0
Line of Credit Facility, Maximum Borrowing Capacity	1,200,000.0
2025 CQP Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.25%
2026 CQP Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,100,000,000	1,100,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.625%
2029 CQP Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,500,000,000	1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.50%
2019 CQP Credit Facilities [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0	0
Line of Credit Facility, Maximum Borrowing Capacity	1,500,000,000.0
Working Capital Facility [Member]
Debt Instrument [Line Items]
Current debt	0	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000,000.0

Debt - Material Debt Activities (Details) - USD ($)	3 Months Ended		6 Months Ended
Debt - Material Debt Activities (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	May 31, 2020	Mar. 31, 2020
Line of Credit Facility [Line Items]
Loss on modification or extinguishment of debt	$ (42,000,000)	$ 0	$ (43,000,000)	$ 0
2030 Sabine Pass Liquefaction Senior Notes [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.50%		4.50%
2020 SPL Working Capital Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000.0		$ 1,200,000.0
Debt Instrument, Description of Variable Rate Basis			LIBOR or base rate
2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.125%
2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.125%
2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.75%
SPL [Member] \| 2030 Sabine Pass Liquefaction Senior Notes [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount					$ 2,000,000,000.0
Loss on modification or extinguishment of debt	$ 43,000,000		$ 43,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.50%		4.50%
Debt Instrument, Redemption Price, Percentage			100.00%
Debt Instrument Registration Period			360 days
SPL [Member] \| 2020 SPL Working Capital Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 1,200,000,000
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage			0.10%
Debt Instrument, Debt Service Reserve Ratio			1.25
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility Additional Permitted Increase			$ 800,000,000
Line of Credit Facility, Commitment Fee Percentage			0.30%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.125%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.125%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.75%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Base Rate Determination Federal Funds Rate [Member] \| Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
SPL [Member] \| 2020 SPL Working Capital Facility [Member] \| Base Rate Determination LIBOR [Member] \| Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
SPL [Member] \| 2020 SPL Working Capital Facility, Letter of Credit [Member] \| Drawn Portion [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 0		$ 0

Debt - Credit Facilities Table (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
2020 SPL Working Capital Facility [Member]
Line of Credit Facility [Line Items]
Original facility size	$ 1,200
Outstanding balance	0	$ 0
Commitments prepaid or terminated	0
Letters of credit issued	409
Available commitment	$ 791
Debt Instrument, Description of Variable Rate Basis	LIBOR or base rate
Debt Instrument, Maturity Date	Mar. 19, 2025
2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
2020 SPL Working Capital Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.125%
2020 SPL Working Capital Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
2019 CQP Credit Facilities [Member]
Line of Credit Facility [Line Items]
Original facility size	$ 1,500
Outstanding balance	0	$ 0
Commitments prepaid or terminated	750
Letters of credit issued	0
Available commitment	$ 750
Debt Instrument, Description of Variable Rate Basis	LIBOR or base rate
Debt Instrument, Maturity Date	May 29, 2024
2019 CQP Credit Facilities [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
2019 CQP Credit Facilities [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.125%
2019 CQP Credit Facilities [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
2019 CQP Credit Facilities [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%

Debt - Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Total interest cost	$ 259	$ 237	$ 513	$ 472
Capitalized interest	(23)	(7)	(43)	(55)
Total interest expense, net of capitalized interest	$ 236	$ 230	$ 470	$ 417

Debt - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($)
$ in Millions

Jun. 30, 2020

Dec. 31, 2019

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Senior notes [Member] | Carrying Amount [Member]

$ 17,566

$ 17,579

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Senior notes [Member] | Estimated Fair Value [Member]

^[1]

16,950

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Senior Notes, Estimated Fair Value

^[1]

18,416

18,320

2037 SPL Senior Notes [Member] | Carrying Amount [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

2037 SPL Senior Notes [Member] | Estimated Fair Value [Member]

^[2]

800

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Senior Notes, Estimated Fair Value

^[2]

948

934

Credit facilities [Member] | Carrying Amount [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Credit facilities [Member] | Estimated Fair Value [Member]

^[3]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Lines of Credit, Fair Value Disclosure

^[3]

$ 0

[1]	Includes (1) the SPL Senior Notes except the 2037 SPL Senior Notes and (2) the 2025 CQP Senior Notes, 2026 CQP Senior Notes and 2029 CQP Senior Notes. The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of these senior notes and other similar instruments.
[2]	The Level 3 estimated fair value was calculated based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including our stock price and interest rates based on debt issued by parties with comparable credit ratings to us and inputs that are not observable in the market.
[3]	Includes 2015 SPL Working Capital Facility, 2020 SPL Working Capital Facility and 2019 CQP Credit Facilities. The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty

Revenues from Contracts with Customers - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
LNG [Member]
Disaggregation of Revenue [Line Items]
Revenue, Variable Consideration Received From Customers, Percentage	29.00%	53.00%	37.00%	55.00%
Regasification [Member]
Disaggregation of Revenue [Line Items]
Revenue, Variable Consideration Received From Customers, Percentage	3.00%	3.00%	3.00%	3.00%

Revenues from Contracts with Customers - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Net derivative gains (losses)

$ 1,474

$ 1,705

$ 3,192

$ 3,453

^[1]

(4)

Total revenues

1,470

1,705

3,188

3,454

LNG [Member]

Suspension Fees and LNG Cover Damages Revenue [Member]

^[2]

1,336

1,171

2,785

2,537

Total revenues

1,332

1,171

2,781

2,538

Suspension Fees and LNG Cover Damages Revenue [Member] | Subsequent Period [Member]

388

404

Suspension Fees and LNG Cover Damages Revenue [Member] | Current Period [Member]

244

Accelerated Revenue From Contract With Customers, Recognized in Prior Period

LNG—affiliate [Member]

455

249

760

Regasification [Member]

135

133

Other [Member]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01

$ 9

$ 12

$ 23

[1]

See Note 7—Derivative Instruments for additional information about our derivatives.

[2]

Revenues from Contracts with Customers - Schedule of Deferred Revenue Reconciliation (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
Change In Contract With Customer, Liability [Roll Forward]
Deferred revenues, beginning of period	$ 155
Cash received but not yet recognized	22
Revenue recognized from prior period deferral	(155)
Deferred revenues, end of period	$ 22

Revenues from Contracts with Customers - Schedule of Transaction Price Allocated to Future Performance Obligations (Details) - USD ($)
$ in Billions

Jun. 30, 2020

Dec. 31, 2019

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01

$ 57.4

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

LNG [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01

$ 55.6

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

$ 55.0

LNG [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01

^[1]

10 years

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

$ 53.3

Regasification [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01

^[1]

9 years

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

$ 2.4

Regasification [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01

^[1]

5 years

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

$ 2.3

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

^[1]

5 years

[1]	The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Related Party Transaction [Line Items]
Cost of sales—affiliate	$ 5	$ 0	$ 5	$ 0
LNG revenues—affiliate	61	455	249	760
Operating and maintenance expense—affiliate	48	37	81	66
General and administrative expense—affiliate	24	27	49	48
Cheniere Marketing Agreements [Member]
Related Party Transaction [Line Items]
LNG revenues—affiliate	59	455	241	760
Contracts for Sale and Purchase of Natural Gas And LNG [Member]
Related Party Transaction [Line Items]
Cost of sales—affiliate	5	0	5	0
LNG revenues—affiliate	2	0	8	0
Service Agreements [Member]
Related Party Transaction [Line Items]
Operating and maintenance expense—affiliate	48	37	81	66
General and administrative expense—affiliate	$ 24	$ 27	$ 49	$ 48

Related Party Transactions - LNG Terminal Capacity Agreements (Details)	6 Months Ended
	Jun. 30, 2020 USD ($) Cargo	Dec. 31, 2019 USD ($)
Related Party Transaction [Line Items]
Accounts receivable—affiliate	$ 2,000,000	$ 105,000,000
SPL [Member] \| Cheniere Marketing [Member] \| Cheniere Marketing SPA [Member]
Related Party Transaction [Line Items]
LNG Volume, Purchase Price Percentage of Henry Hub	115.00%
LNG Volume, Purchase Price Per MMBtu	$ 3.00
SPL [Member] \| Cheniere Marketing [Member] \| 2020 Letter Agreement [Member]
Related Party Transaction [Line Items]
LNG Volume, Purchase Price Percentage of Henry Hub	115.00%
LNG Volume, Purchase Price Per MMBtu	$ 1.67
SPL [Member] \| Cheniere Marketing [Member] \| 2020 Letter Agreement [Member] \| Maximum [Member]
Related Party Transaction [Line Items]
Contract Cargoes \| Cargo	43

Related Party Transactions - Service Agreements (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Advances to Affiliate Current	$ 140,000,000	$ 158,000,000
Service Agreements [Member]
Related Party Transaction [Line Items]
Advances to Affiliate Current	140,000,000	$ 158,000,000
Cheniere Terminals [Member] \| Cheniere Partners Services Agreement [Member]
Related Party Transaction [Line Items]
Quarterly non-accountable overhead reimbursement charge	$ 3,000,000
SPL [Member] \| Cheniere Terminals [Member] \| Management Services Agreement [Member]
Related Party Transaction [Line Items]
Monthly fee as a percentage of capital expenditures incurred in the previous month	2.40%
Related Party Transaction, Committed Monthly Fee	$ 541,667
SPL [Member] \| Cheniere Investments [Member] \| Operation and Maintenance Agreement [Member]
Related Party Transaction [Line Items]
Monthly fee as a percentage of capital expenditures incurred in the previous month	0.60%
Related Party Transaction, Committed Monthly Fee	$ 83,333
SPLNG [Member] \| Cheniere Terminals [Member] \| Management Services Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Monthly Fee	520,000
SPLNG [Member] \| Cheniere Investments [Member] \| Operation and Maintenance Agreement [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Monthly Fee	$ 130,000
Related Party Transaction, Bonus Percentage of Salary Entitled Upon Meeting Certain Criteria	50.00%

Related Party Transactions - Other Agreements (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Due to affiliates	$ 36,000,000		$ 36,000,000		$ 46,000,000
Other non-current liabilities—affiliate	18,000,000		18,000,000		20,000,000
LNG revenues—affiliate	61,000,000	$ 455,000,000	249,000,000	$ 760,000,000
SPLNG [Member] \| Cooperative Endeavor Agreements [Member]
Related Party Transaction [Line Items]
Aggregate commitment under the Agreement	25,000,000		$ 25,000,000
Tax Initiative Agreement Term			10 years
SPLNG [Member] \| Cheniere [Member] \| Tax Sharing Agreement [Member]
Related Party Transaction [Line Items]
Income Taxes Paid, Net			$ 0
SPLNG [Member] \| Cheniere Marketing [Member] \| Cooperative Endeavor Agreements [Member]
Related Party Transaction [Line Items]
Due to affiliates	4,000,000		4,000,000		2,000,000
Other non-current liabilities—affiliate	18,000,000		18,000,000		$ 20,000,000
SPLNG [Member] \| Cheniere Marketing [Member] \| LNG Terminal Export Agreement [Member]
Related Party Transaction [Line Items]
LNG revenues—affiliate	0	0	0	0
Tug Services [Member] \| Cheniere Terminals [Member] \| Terminal Marine Services Agreement [Member]
Related Party Transaction [Line Items]
General Partner Distributions	$ 2,000,000	$ 2,000,000	3,000,000	$ 3,000,000
SPL [Member] \| Cheniere [Member] \| Tax Sharing Agreement [Member]
Related Party Transaction [Line Items]
Income Taxes Paid, Net			0
CTPL [Member] \| Cheniere [Member] \| Tax Sharing Agreement [Member]
Related Party Transaction [Line Items]
Income Taxes Paid, Net			$ 0

Net Income per Common Unit - Narrative (Details) - Subsequent Event [Member] - $ / shares	Aug. 17, 2020	Jul. 28, 2020
Common Units [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.645
Subordinated Units [Member]
Distribution Made to Limited Partner [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.645
Percentage of outstanding subordinated units converted into common units	100.00%

Net Income per Common Unit - Schedule of Net Income per Unit and Allocation of Distribution (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

Jun. 30, 2019

Mar. 31, 2019

Jun. 30, 2020

Jun. 30, 2019

$ 406

$ 435

$ 232

$ 385

$ 841

$ 617

341

316

678

626

Weighted average units outstanding

^[1]

$ 65

$ (84)

$ 163

$ (9)

348.6

Basic and diluted net income per unit

$ 0.78

$ 0.44

$ 1.62

$ 1.19

Common Units [Member]

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

$ 287

307

$ 164

272

225

211

$ 448

$ 421

^[1]

(58)

115

(6)

Weighted average units outstanding

$ 271

$ 153

$ 563

$ 415

348.6

Basic and diluted net income per unit

$ 0.78

^[2]

$ 0.44

$ 1.62

$ 1.19

Subordinated Units [Member]

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

$ 111

119

$ 64

105

$ 174

$ 164

^[1]

(24)

(3)

Weighted average units outstanding

$ 105

$ 59

$ 219

$ 161

135.4

Basic and diluted net income per unit

$ 0.78

^[2]

$ 0.44

$ 1.62

$ 1.19

General Partner [Member]

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

$ 8

$ 9

$ 4

$ 8

$ 14

$ 13

^[1]

(2)

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

IDR [Member]

^[1]