Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
In February 2016 it became the first American company to export liquefied natural gas.[4] Cheniere Energy is the largest exporter of LNG in the United States and the second-largest LNG producer globally as of 2024.[5]
As of 2024 it is a Fortune 500 company.[2]
Company history
Initially an oil-and-gas exploration company, the company shifted its focus in the early 2000s to developing liquified natural gas regas terminals, beginning with a terminal in Sabine Pass, Louisiana in March 2005.[6] The company faltered in the late 2000s as LNG imports dried up due to international competition.[7] In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor Carl Icahn.[8]
In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets.[9]
Cheniere published its second annual corporate responsibility report in June 2021.[10] Cheniere says it is taking innovative steps towards quantifying, monitoring, reporting and verifying data in partnership with producers and institutions in an effort to find opportunities to lower emissions.[11]
In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply liquefied natural gas for 25 years in a contract worth approximately US$25b. Deliveries to Taiwan are set to begin in 2021.[12]
Cheniere and ENN Group reached a deal in 2021 which ENN would buy LNG from Cheniere. However, this deal was interrupted by the China–United States trade war before the parties came to a deal 20 year deal in 2023.[13]
The company spends $800 million USD annually in pipeline transit fees to supply its expanding export facilities and is interested in constructing its own pipelines to access other pipelines and gas production fields.[14]
In 2024, the CEO of Cheniere Energy, Jack Fusco, was in a meeting with Donald Trump where Trump promised to dismantle various environmental policies and climate mitigation efforts.[15]
Liquefaction facilities
Through its subsidiaries, Cheniere Energy owns and operates two natural gas liquefaction and export facilities located in the United States: Sabine Pass LNG Terminal in Cameron Parish, Louisiana at Sabine Pass and Corpus Christi LNG Terminal near Corpus Christi, Texas.[16]
On December 30, 2024, Cheniere Energy announced the successful production of the first liquefied natural gas from a new facility at its Corpus Christi LNG Terminal. This was an important step in the Corpus Christi Stage 3 expansion project, which commenced construction in mid-2022, led by its primary contractor, Bechtel Energy. The Corpus Christi Stage 3 expansion project is designed to increase the terminal's liquefied natural gas production capacity by an additional 10 million metric tonnes per annum. As of November 30, 2024, the overall project completion rate stood at 75.9%.[17]
External links
References
- Cheniere Energy Forbes^
- Cheniere Energy Fortune, retrieved 18 February 2019^
- Cheniere Energy Forbes^
- Sergio Chapa. Cheniere Energy kicks off production at Corpus Christi LNG export terminal Houston Chronicle, 15 November 2018, retrieved 18 February 2019^
- Curtis Williams. Cheniere Energy moves closer to starting new Texas LNG export operation Reuters, 2024-10-17, retrieved 2025-01-03^
- Christopher Helman. First Mover Forbes, 20 June 2005, retrieved 18 February 2019^
- Clifford Krauss. Global Demand Squeezing Natural Gas Supply New York Times, 29 May 2008, retrieved 18 February 2019^
- Abigail Stevensen. Charif Souki: Carl Icahn behind my Cheniere departure www.cnbc.com, CNBC, 26 April 2016, retrieved 10 March 2020^
- Nelson Schwartz. How Cheniere Energy Decided to Take a Gamble on Liquified Natural Gas New York Times, 16 October 2017, retrieved 18 February 2019^
- Cheniere Publishes 2020 Corporate Responsibility Report Bloomberg, 29 June 2021, retrieved 4 July 2021^
- Harry Weber. Cheniere looks to lead on ESG just as it does on US LNG Bloomberg, 2 July 2021, retrieved 4 July 2021^
- Jess Macy Yu Julie Gordon and Henning Gloystein. Cheniere signs 25-year LNG sales deal with Taiwan's CPC www.reuters.com, 11 August 2018, retrieved 23 June 2019^
- Cheniere signs LNG supply deal with China's ENN Reuters, June 26, 2023^
- Curtis Williams. (19 July 2023). "Cheniere Energy eyes new gas pipeline to feed LNG expansion". Reuters website Retrieved 22 July 2023.^
- Josh Dawsey, Maxine Joselow. What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign Washington Post, 2024-05-09^
- Company Profile Cheniere, retrieved 2025-01-03^
- Anushree Mukherjee, Curtis Williams, Swati Verma. Cheniere produces first LNG at Corpus Christi Stage 3 project Reuters, 2024-12-30, retrieved 2025-01-03^