Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.25.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions RELATED PARTY TRANSACTIONS
Below is a summary of our related party transactions, all in the ordinary course of business, as reported on our Consolidated Statements of Operations (in millions):
Year Ended December 31,
2024 2023 2022
Other revenues
Operating agreement and construction management agreement with equity method investee $ $ 10 
Operating and maintenance expense
Natural gas transportation and storage agreements with equity method investees 24 
Natural gas transportation and storage agreements with other related party (1) 73  62  72 
(1)These arrangements are with a party who indirectly owns a portion of CQP’s limited partner interests.
During the year ended December 31, 2024, we sold certain physical assets to an equity method investee to support future natural gas transportation services to be provided to CCL involving such assets. We recognized the transaction as an exchange of other non-current assets totaling $34 million on our Consolidated Balance Sheets.

Below is a summary of our related party balances, all in the ordinary course of business, as reported on our Consolidated Balance Sheets (in millions):
December 31,
2024 2023
Trade and other receivables, net of current expected credit losses $ $
Accrued liabilities