Cheniere Energy Inc. late Monday unveiled a revised long-term capital allocation plan to invest in organic LNG export growth, while returning more capital to shareholders.

Cheniere Energy

During an hour-long conference call, CFO Jack Fusco and CFO Zach Davis updated a capital allocation plan from a year ago. Since then the U.S. liquefied natural gas export leader has paid down $4 billion-plus in debt, repurchased shares and returned more in dividends. 

On the operations side, the Houston-based company in June sanctioned the third stage of the Corpus Christi Liquefaction Project (CCL Stage 3). In August, it also pre-filed for Corpus trains 8 and 9 with the Federal Energy Regulatory Commission.

The near-term goal, Fusco said, is to “achieve a 60 million ton/year platform.” The South Texas...