Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.23.2
Related Party Transactions
 6 Months Ended
Jun. 30, 2023
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):
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
LNG Revenues
Natural Gas Transportation and Storage Agreements with a related party through Brookfield Asset Management, Inc. (“Brookfield”) (1) $ —  $ 4  $ —  $ 4 
Other revenues
Operation and Maintenance Services Agreements with Midship Pipeline Company, LLC (“Midship Pipeline”) (2) 2  2  5  4 
Cost of sales
Natural Gas Transportation and Storage Agreements with a related party through Brookfield (1) —  1  —  1 
Operating and maintenance expense
Natural Gas Transportation and Storage Agreements with Midship Pipeline (2) 2  3  4  5 
Natural Gas Transportation and Storage Agreements with a related party through Brookfield (1) 14  15  30  27 
(1)This related party is partially owned by Brookfield, who indirectly owns a portion of CQP’s limited partner interests.
(2)Midship Pipeline is a subsidiary of Midship Holdings, LLC, which we recognize as an equity method investment.

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):
June 30, December 31,
2023 2022
Trade and other receivables, net of current expected credit losses $ 2  $ 1 
Accrued liabilities 5  1