Profile: Cheniere Energy Inc (LNG.A)
26 May 2015
Cheniere Energy, Inc. (Cheniere), incorporated on March 25, 1983, is an energy company. The Company is engaged in liquid natural gas LNG-related businesses. The Company owns 100% of the partner interest in Cheniere Partners and 84.5% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which owns a 55.9% limited partner interest in Cheniere Partners. The Company also owns and operates the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with natural gas markets in North America.
The Sabine Pass LNG terminal has regasification facilities owned by Cheniere Partners' wholly owned subsidiary, Sabine Pass LNG, L.P. (Sabine Pass LNG), which includes existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billions of cubic feet equivalent, two docks that can accommodate vessels of up to 265,000 cubic meters and vaporizers with regasification capacity of approximately four billion cubic feet per day. Cheniere Partners is developing natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal adjacent to the existing regasification facilities through a wholly owned subsidiary, Sabine Pass Liquefaction, LLC (Sabine Pass Liquefaction). The Company operates in two business segments: LNG terminal business and LNG and natural gas marketing business.
LNG Terminal Business
The Company is focused on its development efforts on three LNG terminal projects: Sabine Pass LNG in western Cameron Parish, Louisiana, less than four miles from the Gulf Coast on the deepwater ship channel; Corpus Christi LNG near Corpus Christi, Texas, and Creole Trail LNG at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana. The Company has constructed and is operating regasification facilities at the Sabine Pass LNG terminal and is developing and constructing the Liquefaction Project, which is owned through Cheniere Partners. As of December 31, 2013, the Company owns 100% interests in both the Corpus Christi and Creole Trail LNG terminal projects.
The Liquefaction Project is being developed at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. The Company has commenced construction of Train 1 and Train 2 and the related new facilities needed to treat, liquefy, store and export natural gas. The Trains are being designed, constructed and commissioned by Bechtel Oil, Gas and Chemicals, Inc. (Bechtel) using the ConocoPhillips Optimized Cascade technology, a technology deployed in numerous LNG projects around the world. Sabine Pass Liquefaction has entered into lump sum turnkey contracts for the engineering, procurement and construction of Train 1 and Train 2 and Train 3 and Train 4.
Cheniere Creole Trail Pipeline, L.P. (Creole Trail), an indirect wholly owned subsidiary of Cheniere, owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with a number of interstate pipelines, including Natural Gas Pipeline Company of America, Transcontinental Gas Pipeline Corporation, Tennessee Gas Pipeline Company, Florida Gas Transmission Company, Texas Eastern Gas Transmission and Trunkline Gas Company, as well as the intrastate pipeline system of Bridgeline Holdings, L.P.
LNG and Natural Gas Marketing Business
The Company’s wholly owned subsidiary, Cheniere Marketing, is engaged in the LNG and natural gas marketing business and is seeking to develop a portfolio of long-term, short-term and spot LNG purchase and sale agreements, assist Cheniere Investments in negotiating with potential customers to monetize two billion cubic feet per day of regasification capacity at the Sabine Pass LNG terminal to which it has access under the TURA during construction of the Liquefaction Project, and enter into business relationships for the domestic marketing of natural gas imported by Cheniere Marketing as LNG to the Sabine Pass LNG terminal. Cheniere Marketing purchases, transports and unloads commercial LNG cargoes into the Sabine Pass LNG terminal and has used trading strategies intended to maximize margins on these cargoes.
Cheniere Energy Inc
700 Milam St Ste 1900
HOUSTON TX 77002-2806
Company Web Links
- China looks to secure 1st U.S. LNG supplies from Cheniere by 2020
- UPDATE 1-Cheniere plans final investment decision on U.S. LNG project within 30 days
- Cheniere plans final investment decision on U.S. LNG project within 30 days
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