Cheniere Energy Inc. CEO Jack Fusco expects the sixth train at the Sabine Pass liquefied natural gas (LNG) export facility in Louisiana to start up by the end of 2021. Construction on Train 6, Cheniere’s ninth overall between Sabine Pass and the Corpus Christi facility in South Texas, is about a year ahead of schedule…
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In Industry First, Cheniere to Track LNG Emissions from Wellhead to Loading for All Cargoes
Cheniere Energy Inc. beginning next year plans to provide customers with greenhouse gas emissions data for each liquefied natural gas (LNG) cargo loaded at its U.S. export terminals in yet another sign of environmental scrutiny across global energy markets. CEO Jack Fusco said Wednesday the decision represents the first time a major LNG producer has…
Corpus Port in South Texas Sees 65% Jump in Oil Exports, 26% More LNG Exports in 2020
The Port of Corpus Christi, a growing gateway for energy exports, ended 2020 with record tonnage, mainly attributed to a 65% increase in oil shipments, authorities said. In addition to increased oil shipments totaling 96.4 million tons, the port saw a 26% increase year/year in liquefied natural gas (LNG) shipments at 8.7 million tons. The…
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…
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…
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…
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…
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…
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…
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…