Cheniere Energy, Inc. (NYSE American: LNG) (Cheniere), is a Houston-based energy company primarily engaged in LNG-related businesses. We own and operate the Sabine Pass LNG receiving terminal and Creole Trail Pipeline located in Louisiana, through our general partner ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE American: CQP) (Cheniere Partners).
Cheniere Partners is developing, constructing and operating a liquefaction project at the Sabine Pass LNG terminal (the "SPL Project") adjacent to the existing regasification facilities for up to six trains, with expected aggregate nominal production capacity, which is prior to adjusting for planned maintenance, production reliability and potential overdesign, of approximately 27.0 mtpa of LNG. Train 1 commenced operations in May 2016, Train 2 commenced operations in September 2016, Train 3 commenced operations in March 2017 and Train 4 in October of 2017, and Train 5 in February 2019. All regulatory approvals have been received to construct and operate Train 6, and FID was reached in June 2019.
Cheniere is operating and constructing additional liquefaction facilities near Corpus Christi, Texas (the "Corpus Christi LNG terminal"). The first two stages of Corpus Christi LNG terminal is being designed for three trains, with expected aggregate nominal production capacity, which is prior to adjusting for planned maintenance, production reliability and potential overdesign, of approximately 13.5 mtpa of LNG, three LNG storage tanks with capacity of approximately 13.5 Bcfe and two marine berths. Construction began on the first two trains in May 2016, with Train 1 coming online in Feburary of 2019. Train 2 produced first LNG in June 2019 and is expected to be substantially complete ahead of schedule. Cheniere reached FID on Train 3 in 2018, and construction is progressing. Cheniere has additionally filed its Stage 3 application for 7 midscale trains totaling 9.5 mtpa of additional capacity.
Cheniere is also engaged in the LNG and natural gas marketing business. Through its subsidiary, Cheniere Marketing, LLC (together with its subsidiaries, “Cheniere Marketing”), it is developing a portfolio of long-, medium- and short-term SPAs offering LNG on an FOB or DAT basis. Cheniere Marketing has purchased LNG from the SPL Project and other locations worldwide and transported and unloaded commercial LNG cargoes. Cheniere Marketing is expected to have access to excess LNG from the SPL Project and the Corpus Christi LNG terminal not sold under long-term sale and purchase agreements to third parties.
Cheniere continues to evaluate the energy markets for additional development and/or marketing opportunities that would leverage the existing platform and strategically fit within the Cheniere organization.
Oil & Gas - Midstream
Pipeline Transportation of Natural Gas (486210)
Natural Gas Distribution (4924)