Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest

Non-Controlling Interest
6 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Non-Controlling Interest
As of June 30, 2018 and December 31, 2017, we owned 91.9% and 82.7%, respectively, of Cheniere Holdings as well as the director voting share, with the remaining non-controlling interest held by the public. During the six months ended June 30, 2018, we acquired common shares representing limited liability company interests in Cheniere Holdings, pursuant to a privately negotiated stock-for-stock exchange transaction. Because the transaction represented a combination of ownership interests under common control, changes in Cheniere’s ownership interest in Cheniere Holdings were accounted for as an equity transaction and no gain or loss was recognized.

Cheniere Holdings owns a 48.6% limited partner interest in Cheniere Partners in the form of 104.5 million common units and 135.4 million subordinated units, with the remaining non-controlling interest held by Blackstone CQP Holdco LP and the public. We also own 100% of the general partner interest and the incentive distribution rights in Cheniere Partners. Both Cheniere Holdings and Cheniere Partners are accounted for as variable interest entities. See Note 9—Variable Interest Entities of our Notes to Consolidated Financial Statements in our annual report on Form 10-K for the year ended December 31, 2017 for further information.