Cheniere Energy, Inc. Provides Update on Hurricane Harvey Impacts, Announces $1 Million Donation to Red Cross Relief Effort
LNG Production Operations at Sabine Pass Continue, Initial Evaluation of Corpus Christi Construction Site Shows Only Minor Cosmetic Impacts
HOUSTON, Aug. 28, 2017 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) today provided updates on company operations resulting from Hurricane Harvey, and announced that it will make a $1 million donation to the American Red Cross to assist in the relief and recovery efforts following the storm.
"Our thoughts and prayers are with all of our neighbors and communities here in Texas and Louisiana that have been impacted by this devastating and continuing storm," said Jack Fusco, President and CEO of Cheniere. "While Cheniere has been lucky to avoid any major impacts from Harvey, many in our communities have a long road ahead to assess the damage and recover from this storm. To help in the relief efforts, Cheniere will donate $1 million to the Red Cross Harvey relief efforts."
Cheniere conducted initial assessments of impact from Hurricane Harvey. At Sabine Pass, LNG production operations continued through the storm. Early assessments of the Corpus Christi construction site by Cheniere and our EPC partner Bechtel showed only minor cosmetic impacts. Cheniere is currently working to contact all employees to ensure they are safe and assess their needs.
"Now that the storm has passed through our Corpus Christi construction site, we are pleased to report that Corpus Christi saw no major impacts, and no interruption of LNG production at Sabine Pass has been experienced," said Fusco. "Moving forward, Cheniere will focus on helping our hometown of Houston recover and the communities around Corpus Christi rebuild."
As the storm is expected to continue to impact the Houston area, Cheniere has activated its emergency office location in Dallas to support its gas supply and trading division and other essential functions to ensure obligations are met to continue producing LNG at Sabine Pass.
Cheniere's severe weather and safety teams remain activated and continue to monitor the remnants of Hurricane Harvey.
Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana. Directly and through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing, constructing, and operating liquefaction projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal, respectively. Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, filed with the Securities and Exchange Commission.
This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, (i) statements regarding Cheniere's business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements and (vi) statements regarding future discussions and entry into contracts. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
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SOURCE Cheniere Energy, Inc.
Released August 28, 2017