Cheniere Energy

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Cheniere Energy, Inc.
TypePublic
AMEX: LNG
Russell 1000 Index component
IndustryEnergy, natural gas
Founded1996[1]
HeadquartersHouston, Texas
Key people
Jack Fusco, CEO[2]
RevenueIncrease $9.3 Billion(2019)[3]
Number of employees
1,530[3]
Websitewww.cheniere.com

Cheniere Energy, Inc. is a liquefied natural gas (LNG) company headquartered in Houston, Texas. In February 2016 it became the first US company to export liquefied natural gas.[4] As of 2018 it is a Fortune 500 company.[2]

Company history[]

Initially an oil-and-gas exploration company, the company shifted its focus in the early 2000s to developing liquified natural gas regas terminals, beginning with a terminal in Sabine Pass, Louisiana in March 2005.[5] The company faltered in the late 2000s as LNG imports dried up due to international competition.[6] In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor Carl Icahn.[7]

In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets under its newly appointed CEO, Jack Fusco (former President and CEO of Calpine).[8]

Cheniere published its second annual corporate responsibility report in June 2021 .[9] Cheniere says it is taking innovative steps towards quantifying, monitoring, reporting and verifying data in partnership with producers and institutions in an effort to find opportunities to lower emissions. O[10]

In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply liquefied natural gas for 25 years in a contract worth approximately US$25b. Deliveries to Taiwan are set to begin in 2021.[11]

References[]

  1. ^ "Cheniere Energy". Forbes.
  2. ^ a b "Cheniere Energy". Fortune. Fortune. Retrieved 18 February 2019.
  3. ^ a b "Cheniere Energy".
  4. ^ Chapa, Sergio (15 November 2018). "Cheniere Energy kicks off production at Corpus Christi LNG export terminal". Houston Chronicle. Retrieved 18 February 2019.
  5. ^ Helman, Christopher (20 June 2005). "First Mover". Forbes. Retrieved 18 February 2019.
  6. ^ Krauss, Clifford (29 May 2008). "Global Demand Squeezing Natural Gas Supply". New York Times. Retrieved 18 February 2019.
  7. ^ Stevensen, Abigail (26 April 2016). "Charif Souki: Carl Icahn behind my Cheniere departure". www.cnbc.com. CNBC. Retrieved 10 March 2020.
  8. ^ Schwartz, Nelson (16 October 2017). "How Cheniere Energy Decided to Take a Gamble on Liquified Natural Gas". New York Times. Retrieved 18 February 2019.
  9. ^ "Cheniere Publishes 2020 Corporate Responsibility Report". Bloomberg. 29 June 2021. Retrieved 4 July 2021.
  10. ^ Weber, Harry (2 July 2021). "Cheniere looks to lead on ESG just as it does on US LNG". Bloomberg. Retrieved 4 July 2021.
  11. ^ Julie Gordon and Henning Gloystein, Jess Macy Yu (11 August 2018). "Cheniere signs 25-year LNG sales deal with Taiwan's CPC". www.reuters.com. Reuters. Retrieved 23 June 2019.

External links[]


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