Cheniere

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

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Centrica plc has reviewed 20-year contract with Cheniere Energy Inc. to determine if it’s “onerous.” Contract has an intrinsic value that depends on the spread between the Gulf Coast and key markets overseas. Those have narrowed and value of contract is now “close to nil.”…

July 24, 2020
Cheniere Chief Says Price Negotiations, Force Majeures Off the Table During Pandemic

Cheniere Chief Says Price Negotiations, Force Majeures Off the Table During Pandemic

Cheniere Energy Inc. said Thursday it earned $53 million in first quarter revenue from customers that canceled liquefied natural gas (LNG) cargoes and elected to pay fees as global prices cratered and demand eroded from the Covid-19 pandemic.

April 30, 2020
LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil

LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil

There was a measure of calm in the liquefied natural gas (LNG) market on Monday following a week of oddities and record low prices across a world reeling from the coronavirus outbreak.

April 6, 2020
LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil

LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil

There was a measure of calm in the liquefied natural gas (LNG) market on Monday following a week of oddities and record low prices across a world reeling from the coronavirus outbreak.

April 6, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

March 12, 2020
Tellurian Slashes Spending, Confronts Turmoil in Global LNG Markets

Tellurian Slashes Spending, Confronts Turmoil in Global LNG Markets

Tellurian Inc. on Monday said it is feeling the squeeze of a global natural gas glut and has announced a cut in corporate spending as it works to sanction a massive liquefied natural gas (LNG) export terminal in Louisiana.

March 2, 2020
4Q2019 Earnings: Cheniere Cites ‘Tougher’ Market for Sanctioning, Confirms Two Canceled Cargoes

4Q2019 Earnings: Cheniere Cites ‘Tougher’ Market for Sanctioning, Confirms Two Canceled Cargoes

Management for Cheniere Energy Inc., the largest liquefied natural gas (LNG) producer in the United States, does “not view significant or prolonged curtailment of U.S. LNG production as a likely scenario” despite the recent cancellation of two cargoes and growing uncertainty about the impacts of the coronavirus.

February 25, 2020
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