Cheniere Energy Celebrates 100th LNG Cargo
Sole American LNG Exporter Shipped to 18 Countries on Five Continents in One Year
HOUSTON, April 3, 2017 /PRNewswire/ -- Cheniere Energy Partners, L.P. (NYSE MKT: CQP), a subsidiary of Cheniere Energy, Inc. (NYSE MKT: LNG), today announced that the 100th cargo of liquefied natural gas (LNG) has left the company's Sabine Pass liquefaction facility, marking a significant milestone in Cheniere's ramp-up of LNG operations.
Including the 100th cargo, which departed on Saturday from the Sabine Pass liquefaction facility, since the first shipment on February 24, 2016, Cheniere has delivered cargoes to 18 countries on five continents.
"This milestone for Cheniere is a testament to the global demand for American LNG, the hard work and dedication of Cheniere's workforce, and our unique business model that enables customers large and small to access this fuel," said Jack Fusco, Cheniere's President and CEO. "Our entire workforce shares in this milestone and in Cheniere's future success."
In February 2016, Cheniere became the first company to ship LNG from the contiguous United States in over 50 years, and is currently the only exporter of U.S. LNG. In addition to three fully-operational LNG trains at Sabine Pass, train four has entered the commissioning process and is expected to reach substantial completion in the second half of 2017. Train five is currently under construction, and is expected to become operational in 2019, and train six is fully permitted and being commercialized. In addition, Cheniere Energy currently has two trains under construction at its liquefaction project near Corpus Christi, Texas with operations at both trains expected to begin in 2019.
Across the liquefaction projects at Sabine Pass and Corpus Christi, Cheniere and its subsidiaries are expected to invest approximately $30 billion in U.S. energy infrastructure, create tens of thousands of jobs, promote domestic energy production, and reduce our trade deficit.
Cheniere's unique business model provides a full-service LNG offering to customers worldwide, which includes acquiring, transporting, and processing pipeline gas, and providing LNG to customers either at the tailgate of the LNG terminal, or on a delivered basis to markets around the world.
This press release contains certain statements that may include "forward-looking statements." 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 Partners' 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 Partners' LNG terminal and liquefaction business, (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 Partners 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 Partners' 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 Partners' 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 Partners does not assume a duty to update these forward-looking statements.
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SOURCE Cheniere Energy Partners, L.P.; Cheniere Energy, Inc.
Released April 3, 2017