Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas. In February 2016 it became the first American company to export liquefied natural gas.[4] As of 2018 it is a Fortune 500 company.[2]
 | |
| Company type | Public |
|---|---|
| AMEX: LNG Russell 1000 Index component | |
| Industry | Energy, natural gas |
| Founded | 1996[1] |
| Headquarters | Houston, Texas |
Key people | Jack Fusco, CEO[2] |
| Revenue |  $9.3 Billion(2019)[3] |
4,559,000,000 United States dollar (2022)  | |
| 1,428,000,000 United States dollar (2022) | |
Number of employees | 1,530[3] |
| Website | www |
Company history
editInitially 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.[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]
The company spends $800 million USD annually in pipeline transit fees to supply its expanding export facilities and is interested in constructing its own pipelines to access other pipelines and gas production fields.[12]
In 2024, the CEO of Cheniere Energy, Jack Fusco, was in a meeting with Donald Trump where Trump promised to dismantle various environmental policies and climate mitigation efforts.[13]
References
edit- ^ "Cheniere Energy". Forbes.
- ^ a b "Cheniere Energy". Fortune. Fortune. Retrieved 18 February 2019.
- ^ a b "Cheniere Energy".
- ^ Chapa, Sergio (15 November 2018). "Cheniere Energy kicks off production at Corpus Christi LNG export terminal". Houston Chronicle. Retrieved 18 February 2019.
- ^ Helman, Christopher (20 June 2005). "First Mover". Forbes. Retrieved 18 February 2019.
- ^ Krauss, Clifford (29 May 2008). "Global Demand Squeezing Natural Gas Supply". New York Times. Retrieved 18 February 2019.
- ^ Stevensen, Abigail (26 April 2016). "Charif Souki: Carl Icahn behind my Cheniere departure". www.cnbc.com. CNBC. Retrieved 10 March 2020.
- ^ Schwartz, Nelson (16 October 2017). "How Cheniere Energy Decided to Take a Gamble on Liquified Natural Gas". New York Times. Retrieved 18 February 2019.
- ^ "Cheniere Publishes 2020 Corporate Responsibility Report". Bloomberg. 29 June 2021. Retrieved 4 July 2021.
- ^ Weber, Harry (2 July 2021). "Cheniere looks to lead on ESG just as it does on US LNG". Bloomberg. Retrieved 4 July 2021.
- ^ 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.
- ^ Curtis Williams. (19 July 2023). "Cheniere Energy eyes new gas pipeline to feed LNG expansion". Reuters website Retrieved 22 July 2023.
- ^ Dawsey, Josh; Joselow, Maxine (2024-05-09). "What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign". Washington Post. ISSN 0190-8286.
External links
edit- Cheniere Energy
- Cheniere Corporate Responsibility
- Business data for Cheniere Energy Inc.:
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