Charif Souki, Chief Executive Officer of Cheniere Energy, Inc. (NYSE MKT: LNG), presented today at EnerCom’s The Oil & Gas Conference® 20.
Cheniere Energy is developing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. Cheniere Partners plans to construct over time up to six liquefaction trains, which are in various stages of development.
In the second quarter of 2015, Cheniere made a positive final investment decision and issued a notice to proceed with construction to Bechtel Oil, Gas and Chemicals, Inc. for the first two natural gas liquefaction trains and related facilities on the Corpus Christi LNG project. In June, the company announced the development of an additional two trains at the Corpus Christi project, bringing the total number of trains under development up to five.
During the company’s breakout session, management was asked the following questions:
- Have you ever had any reaction from, or interaction with, Gazprom regarding LNG in Europe?
- How will other LNG projects in the U.S. affect your business in Europe?
- Do you envision a hybrid index that could replace Henry Hub?
- Are there any construction or planning bottlenecks in the foreseeable future?
- How do you see future markets affected by LNG coming online from Australia?
- Where does the LNG go in the summer months when Europe doesn’t need the gas?
- Can you comment on the recent investment from Carl Icahn?
- What is the transit fee in Panama?
- Do you see any major projects coming in the next 10 years?
- Where is Europe’s LNG demand being sourced today? Will you be displacing those volumes?
- Do you expect African and Qatari supply will go to Asia?
- Which LNG projects do you think will make it to completion?
- How do you think about spending excess cash flow down the road?
- What do you think will happen with the two contracts you have in Asia?
- Are domestic supplies of gas to Europe declining?
- How fixed are the Russians on their pricing?
- Are you looking at storage at all?
- Do you think you’ll be buying at better than Henry Hub pricing?
- Can you tell us about your upstream advantages?
- Do you feel like your investment grades will take care of themselves?
- How difficult will it be to operate a train once they are up and running?
- Have you thought about using the highly skilled workforce you are developing on other projects down the road?
- Would you care to comment on the possibility of lifting the U.S. crude export ban?