Cheniere

Cheniere Inks Deal to Sell 30 Cargoes to Marketing Affiliate — The Offtake

Cheniere Energy Inc. affiliates said that up to 30 cargoes would be sold for delivery in 2021 from the Sabine Pass terminal to Cheniere Marketing International LLP, which sells the fuel worldwide. LNG would be sold at a price equal to 115% of Henry Hub plus a premium of $0.728/MMBtu. Spark Commodities Ptd. Ltd. has…

December 10, 2020
Cheniere Loads First Cargo from Corpus Christi’s Third LNG Train Ahead of Schedule

Cheniere Loads First Cargo from Corpus Christi’s Third LNG Train Ahead of Schedule

Cheniere Energy Inc. said it has loaded the first commissioning cargo from the third train at the Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The La Mancha Knutsen arrived at the facility on Sunday and departed Monday, nearly full with 168,000 cubic meters aboard, according to Bloomberg ship-tracking data. Cheniere, which…

December 8, 2020
Gulfport Accuses Midship Pipeline of Illegally Seizing $75.6M

Gulfport Accuses Midship Pipeline of Illegally Seizing $75.6M

Bankrupt Gulfport Energy Corp. has accused Cheniere Energy Inc.’s Midship Pipeline subsidiary of illegally seizing $75.6 million to hold it “hostage” during contract renegotiations in anticipation of the Chapter 11 filing, according to court filings. “To obtain leverage in ongoing contract negotiations and secure an advantageous cash position prior to Gulfport’s bankruptcy, Midship made false…

November 25, 2020
Cheniere Doubling Down to Cut LNG Environmental Footprint as Stakeholder Pressure Grows

Cheniere Doubling Down to Cut LNG Environmental Footprint as Stakeholder Pressure Grows

Cheniere Energy Inc., the largest liquefied natural gas (LNG) exporter in the United States and one of the largest gas consumers, is “methodically reviewing” its business to further cut its environmental footprint as it faces questions about its role in the global energy transition.  The management team spent considerable time during last week’s third quarter…

November 13, 2020
Cheniere Squeezed by LNG Cargo Cancellations During 3Q

Cheniere Squeezed by LNG Cargo Cancellations During 3Q

Feed gas was introduced last month to the third train at Cheniere Energy Inc.’s Corpus Christi liquefied natural gas (LNG) terminal in South Texas, which is expected to produce its first LNG in the coming weeks, according to CEO Jack Fusco.  Progress on the expansion project, expected to be complete in 1Q2021, was a bright…

November 6, 2020
Cheniere, Sempra LNG Export Licenses Extended to 2050

Cheniere, Sempra LNG Export Licenses Extended to 2050

The U.S. Department of Energy (DOE) on Wednesday extended through 2050 three long-term liquefied natural gas (LNG) export licenses to countries without free-trade agreements (FTA). The extensions were issued for two Cheniere Energy Inc. facilities, Sabine Pass LNG in Louisiana and Corpus Christi LNG in South Texas. Sempra Energy’s proposed Port Arthur LNG terminal east…

October 29, 2020
Blackstone Sells Stake in Cheniere MLP for $7B

Blackstone Sells Stake in Cheniere MLP for $7B

Blackstone Group Inc. has closed the sale of its 42% stake in Cheniere Energy Inc.’s master limited partnership (MLP) in a transaction valued at $7 billion. The private equity firm sold the units it held in Cheniere Energy Partners LP (CQP) to affiliate Blackstone Infrastructure Partners and Brookfield Infrastructure. The firm first invested $1.5 billion…

September 25, 2020
Governments, Free Markets Seen as Integral to Growing LNG Demand

Governments, Free Markets Seen as Integral to Growing LNG Demand

Government intervention and free markets will be necessary to grow global liquefied natural gas (LNG) demand in the next decade and provide markets for U.S. gas producers, according to industry executives. Cheniere Energy Inc.’s Anatol Feygin, chief commercial officer of the largest U.S. LNG exporter, said at the recent Gastech Virtual Summit that the Houston…

September 18, 2020
Abu Dhabi Sovereign Wealth Fund Buys Major Stake in Cheniere Energy

Abu Dhabi Sovereign Wealth Fund Buys Major Stake in Cheniere Energy

The state-owned Abu Dhabi Investment Authority (ADIA) has acquired a 5.05% share in U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc., according to a Wednesday filing with the U.S. Securities and Exchange Commission. The sovereign wealth fund owns about 12.7 million shares of Houston-based Cheniere that are valued at about $648 million. Cheniere’s share…

September 16, 2020
Cheniere Swings to Profit on Steep LNG Cargo Cancellation Revenues

Cheniere Swings to Profit on Steep LNG Cargo Cancellation Revenues

Cheniere Energy Inc. reported a big boost from customers that elected to cancel liquefied natural gas (LNG) cargoes in the second quarter, earning $708 million in fixed fees from those opting out of lifting scheduled volumes.  In the first quarter, the Houston operator earned $53 million in revenue associated with canceled cargoes. The 2Q2020 revenue…

August 6, 2020
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