Related Party Transactions

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 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
Other revenues
Operating Agreement and Construction Management Agreement with Midship Pipeline Company, LLC (“Midship Pipeline”) (2)	2		3		7		5
Cost of sales
Natural Gas Transportation and Storage Agreements with a related party through Brookfield (1)	—		—		—		1
Operating and maintenance expense
Natural Gas Transportation and Storage Agreements with Midship Pipeline (2)	5		—		9		—
Natural Gas Transportation and Storage Agreements with a related party through Brookfield (1)	14		18		44		45

(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):

	September 30,		December 31,
	2023		2022
Trade and other receivables, net of current expected credit losses	$	2	$	1
Accrued liabilities	6		1