Yesterday Cheniere Energy, Inc. (stock ticker: LNG), in partnership with privately-held Bechtel, produced the first LNG from the Corpus Christi Liquefaction project (CCL Project) in Texas. According to a 3Q 2018 presentation by Cheniere, the CCL Project is the first greenfield LNG export facility in the U.S. Lower-48. There are three trains, with 13.5 mtpa total capacity. Train 1 has
From Bloomberg Wearing a hardhat and orange vest, Ari Aziz climbs metal steps under a blazing sun until he’s standing atop an 180-foot-high tank in Corpus Christi, Texas. It’s big enough, he proudly points out, to hold a jumbo jet placed diagonally. Aziz is supervising more than 100 workers who form a kind of SWAT team for Cheniere Energy Inc. They’re checking
China is the number 2 importer of LNG globally while the U.S. is climbing up the ranks of major LNG exporters From CNBC China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had
Positioning Henry Hub as global natural gas price benchmark Chicago’s CME Group (ticker: CME) and Cheniere Energy (ticker: LNG) announced that the two companies are developing an LNG futures contract with physical delivery to Cheniere’s Sabine Pass terminal on the U.S. Gulf Coast. “Through its Sabine Pass liquefaction facility, Cheniere is delivering Henry Hub-indexed natural gas to the world in the form of
From the Corpus Christi Caller Times Cheniere Energy’s Corpus Christi-area plant is still under construction, but there’s still a lot of activity going on. Case in point? Cheniere recently signed a Heads of Agreement in Washington D.C. to provide Taiwan’s CPC Corporation two million tons of liquefied natural gas on an annual basis. A Heads of Agreement is a non-binding document that lays
From Reuters Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc (LNG.A) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer Jack Fusco. Icahn, still the biggest shareholder of the company, had disclosed bit.ly/2lHu2Km a stake of 13.8 percent in Cheniere
From Financial Times Chinese LNG demand is soaring — so much so that Beijing spared the product from tariff rises When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as propane. There was, however, one conspicuous exemption: liquefied natural gas.
Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 Cheniere Energy shares for each outstanding publicly-held share. The transaction is currently valued at $30.93 per common share of Cheniere
Cheniere Energy Inc. (NYSE: LNG) announced today that it has reached a positive FID and plans to continue the construction of its third liquefaction train for its LNG facility in Corpus Christi, Texas. Baker Hughes, a GE company (NYSE: BHGE), will be supplying the turbomachinery equipment for this expansion. This FID represents the first for new LNG capacity in the
From the VANCOUVER SUN VICTORIA — While B.C. continues to wait — and wait — for the first big liquefied natural gas project, the province’s public sector pensions have quietly been investing millions in a rival LNG exporter based in the U.S. Cheniere Energy, operator of one LNG terminal in Louisiana and nearing completion of a second in Texas, reported
Steel, aluminum tariffs take effect March 23 When Shell (ticker: RDS.A) released its 2018 LNG Outlook in late February, the global oil and gas major said that surging global LNG demand could lead to possible shortages in the Mid-2020s. Shell said based on current demand projections, it sees a potential for a supply shortage developing in mid-2020s, unless new LNG production
Dominion’s Cove Point LNG export plant awarded official “Authorization to Commence Service” by FERC After a journey of more than seven years, on Mar. 5, 2018, the Federal Energy Regulatory Commission issued a letter to Dominion Energy (ticker: D) that culminated three quarters of a decade of proposing, meeting, permitting, constructing, testing—and waiting. The timing is good. Cove Point’s official
