Cheniere Energy, Inc. is an American

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

(LNG) company headquartered in

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

. In February 2016 it became the first American company to export liquefied natural gas. Cheniere Energy is the largest exporter of LNG in the United States and the second-largest LNG producer globally as of 2024. As of 2024 it is a

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

company.

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. The company faltered in the late 2000s as LNG imports dried up due to international competition. In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor

Carl Icahn Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, ...

. 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). Cheniere published its second annual corporate responsibility report in June 2021. 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. In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply

for 25 years in a contract worth approximately US$25b. Deliveries to

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

are set to begin in 2021. 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. 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.

Regasification facilities

Through its subsidiaries, Cheniere Energy owns and operates two natural gas liquefaction and export facilities located in the United States: Sabine Pass LNG Terminal in Cameron Parish,

Louisiana Louisiana ( ; ; ) is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east. Of the 50 U.S. states, it ranks 31st in area and 25 ...

at Sabine Pass and Corpus Christi LNG Terminal near Corpus Christi,

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. On December 30, 2024, Cheniere Energy announced the successful production of the first liquefied natural gas from a new facility at its Corpus Christi LNG Terminal. This was an important step in the Corpus Christi Stage 3 expansion project, which commenced construction in mid-2022, led by its primary contractor, Bechtel Energy. The Corpus Christi Stage 3 expansion project is designed to increase the terminal's liquefied natural gas production capacity by an additional 10 million metric tonnes per annum. As of November 30, 2024, the overall project completion rate stood at 75.9%.

References

External links

Cheniere Energy

Cheniere Corporate Responsibility
Companies based in Houston Natural gas companies of the United States Companies listed on NYSE American 1996 establishments in Texas Companies based in Harris County, Texas Private equity portfolio companies {{energy-company-stub