Cheniere Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

Restricted Cash

3 Months Ended

Mar. 31, 2018

RESTRICTED CASH

Restricted cash consists of funds that are contractually restricted as to usage or withdrawal and have been presented separately from cash and cash equivalents on our Consolidated Balance Sheets. As of March 31, 2018 and December 31, 2017, restricted cash consisted of the following (in millions):



	March 31,		December 31,
	2018		2017
Current restricted cash
SPL Project	$	561	$	544
Cheniere Partners and cash held by guarantor subsidiaries	916		1,045
CCL Project	83		227
Cash held by our subsidiaries restricted to Cheniere	136		64
Total current restricted cash	$	1,696	$	1,880

Non-current restricted cash
Other	$	11	$	11

Under Cheniere Partners’ $2.8 billion credit facilities (the “2016 CQP Credit Facilities”), Cheniere Partners, as well as Cheniere Investments, SPLNG and CTPL as Cheniere Partners’ guarantor subsidiaries, are subject to limitations on the use of cash under the terms of the 2016 CQP Credit Facilities and the related depositary agreement governing the extension of credit to Cheniere Partners. Specifically, Cheniere Partners, Cheniere Investments, SPLNG and CTPL may only withdraw funds from collateral accounts held at a designated depositary bank on a monthly basis and for specific purposes, including for the payment of operating expenses. In addition, distributions and capital expenditures may only be made quarterly and are subject to certain restrictions.