Profile: Cheniere Energy Inc (LNG.A)
26 May 2017
Cheniere Energy, Inc. (Cheniere), incorporated on March 25, 1983, is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals. Its LNG and natural gas marketing segment consists of LNG and natural gas marketing activities by Cheniere Marketing. Cheniere Marketing is developing a portfolio of long- and medium-term SPAs with professional staff based in the United States, the United Kingdom, Singapore and Chile. The Company conducts its business through its subsidiaries, including the development, construction and operation of its LNG terminal business and the development and operation of its LNG and natural gas marketing business. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Partners.
LNG Terminal Business
As of December 31, 2016, the Company focused its development efforts on two LNG terminal projects under construction: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, approximately four miles from the Gulf Coast on the Sabine-Neches Waterway and the Corpus Christi LNG terminal, which is over 2,000 acres of land that it owns or controls near Corpus Christi, Texas. Through Cheniere Partners, it is developing, constructing and operating the SPL Project and have constructed and are operating regasification facilities at the Sabine Pass LNG terminal. It owns general partner interest in Cheniere Partners and Cheniere Holdings, which owns a limited partner interest in Cheniere Partners. It is developing, constructing and operating the SPL Project at the Sabine Pass LNG terminal. The Sabine Pass LNG terminal is located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway approximately four miles from the Gulf Coast. As of December 31, 2016, the Sabine Pass LNG terminal had operational regasification capacity of approximately four billion cubic feet per day (Bcf/d) and aggregate LNG storage capacity of approximately 16.9 billion cubic feet equivalent (Bcfe).
As of December 31, 2016, the Sabine Pass LNG terminal had operational regasification facilities owned by Cheniere Partners' subsidiary, SPLNG, that included existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 Bcfe, two marine berths that can accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of approximately four Bcf/d. As of December 31, 2016, Cheniere Partners also owned a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines (the Creole Trail Pipeline) through a subsidiary, CTPL. The Company is developing and constructing a second natural gas liquefaction and export facility at the Corpus Christi LNG terminal, which is on approximately 2,000 acres of land that it owns or controls near Corpus Christi, Texas, and a pipeline facility (CCL Project) through subsidiaries CCL and CCP. The Company is also in various stages of developing other projects, including liquefaction projects and other infrastructure projects in support of natural gas supply and LNG demand.
LNG and Natural Gas Marketing Business
Cheniere Marketing is engaged in the LNG and natural gas marketing business and is developing a portfolio of long- and medium-term LNG sale and purchase agreements (SPAs). Cheniere Marketing has purchased from the Sabine Pass terminal and other locations worldwide, transported and unloaded commercial LNG cargoes. As of December 31, 2016, Cheniere Marketing had sold approximately 488 million British thermal units (MMBtu) of LNG to be delivered to counterparties.
Cheniere Energy Inc
700 Milam St Ste 1900
HOUSTON TX 77002-2806
Company Web Links
- BRIEF-Cheniere Energy announces upsizing and pricing of $1.5 bln senior secured notes due 2027 by Cheniere Corpus Christi Holdings, LLC
- BRIEF-Cheniere Energy announces offering of $1.0 bln senior secured notes due 2027
- Exclusive: Cheniere in talks to boost LNG shipments to China
- EXCLUSIVE-Cheniere in talks to boost LNG shipments to China
- Exclusive: Cheniere Energy says in talks to boost LNG shipments to China