Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

v3.10.0.1
Restricted Cash
 6 Months Ended
Jun. 30, 2018
Restricted Cash [Abstract]  
Restricted Cash
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 June 30, 2018 and December 31, 2017, restricted cash consisted of the following (in millions):
 
 
June 30,
 
December 31,
 
 
2018
 
2017
Current restricted cash
 
 
 
 
SPL Project
 
$
846

 
$
544

Cheniere Partners and cash held by guarantor subsidiaries
 
675

 
1,045

CCL Project
 
678

 
227

Cash held by our subsidiaries restricted to Cheniere
 
187

 
64

Total current restricted cash
 
$
2,386

 
$
1,880

 
 
 
 
 
Non-current restricted cash
 
 
 
 
Other
 
$
11

 
$
11



Under Cheniere Partners’ $2.8 billion credit facilities (the “CQP Credit Facilities”), Cheniere Partners, as well as Cheniere Investments, Sabine Pass LNG-LP, LLC, SPLNG and CTPL as Cheniere Partners’ guarantor subsidiaries, are subject to limitations on the use of cash under the terms of the 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.