STOCK TITAN

Cheniere Establishes Methane Emissions Intensity Target for its Liquefaction Assets

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Cheniere Energy (NYSE: LNG) has announced a voluntary Scope 1 annual methane intensity target for its liquefaction facilities, aiming to maintain 0.03% per tonne of LNG produced across its U.S. Gulf Coast facilities by 2027. The target is based on comprehensive emissions measurement data, including approximately 50 aerial measurements conducted over 16 months. The company has also updated its LNG life cycle assessment, showing lower supply-chain specific GHG emissions intensity compared to the U.S. Department of Energy's NETL 2019 study. This initiative aligns with Cheniere's Gold Standard membership requirements in the UN Environment Programme's Oil & Gas Methane Partnership 2.0.

Cheniere Energy (NYSE: LNG) ha annunciato un obiettivo annuale volontario di intensità di metano per il proprio Scope 1 per le strutture di liquefazione, con l'intento di mantenere lo 0,03% per tonnellata di GNL prodotto presso le sue strutture sulla Costa del Golfo degli Stati Uniti entro il 2027. L'obiettivo si basa su dati completi di misurazione delle emissioni, compresi circa 50 misurazioni aeree condotte su un periodo di 16 mesi. L'azienda ha anche aggiornato la sua valutazione del ciclo di vita del GNL, mostrando un'intensità di emissioni di gas serra specifiche della catena di approvvigionamento inferiore rispetto allo studio del 2019 del NETL del Dipartimento dell'Energia degli Stati Uniti. Questa iniziativa è in linea con i requisiti di appartenenza allo Standard Gold di Cheniere nel programma Methane Partnership 2.0 dell'UN Environment Programme.

Cheniere Energy (NYSE: LNG) ha anunciado un objetivo voluntario anual de intensidad de metano para sus instalaciones de licuefacción, con el objetivo de mantener el 0,03% por tonelada de GNL producido en sus instalaciones de la Costa del Golfo de EE. UU. para 2027. El objetivo se basa en datos completos de medición de emisiones, que incluyen aproximadamente 50 mediciones aéreas realizadas durante 16 meses. La compañía también ha actualizado su evaluación del ciclo de vida del GNL, mostrando una menor intensidad de emisiones de gases de efecto invernadero específicas de la cadena de suministro en comparación con el estudio del NETL 2019 del Departamento de Energía de EE. UU. Esta iniciativa está alineada con los requisitos de membresía del Estándar Oro de Cheniere en el programa Oil & Gas Methane Partnership 2.0 del Programa de las Naciones Unidas para el Medio Ambiente.

체니에르 에너지(뉴욕 증권 거래소: LNG)는 액화 시설에 대한 자발적인 범위 1 메탄 강도 목표를 발표했으며, 2027년까지 미국 멕시코만의 시설에서 생산된 액화천연가스(LNG) 톤당 0.03%를 유지하는 것을 목표로 하고 있습니다. 이 목표는 16개월 동안 약 50회의 공중 측정을 포함한 포괄적인 배출 측정 데이터를 기반으로 하고 있습니다. 이 회사는 또한 LNG 생애 주기 평가를 업데이트하여 미국 에너지부의 NETL 2019 연구와 비교하여 공급망 특정 온실가스 배출 강도가 낮음을 보여주었습니다. 이 이니셔티브는 UN 환경 프로그램의 석유 및 가스 메탄 파트너십 2.0에서 체니에르의 골드 스탠다드 회원 요건과 일치합니다.

Cheniere Energy (NYSE: LNG) a annoncé un objectif annuel volontaire d'intensité de méthane pour ses installations de liquéfaction, visant à maintenir 0,03 % par tonne de GNL produit dans ses installations de la côte du Golfe des États-Unis d'ici 2027. Cet objectif est basé sur des données complètes de mesure des émissions, y compris environ 50 mesures aériennes effectuées sur 16 mois. L'entreprise a également mis à jour son évaluation du cycle de vie du GNL, montrant une intensité d'émissions de gaz à effet de serre spécifique à la chaîne d'approvisionnement inférieure par rapport à l'étude NETL 2019 du Département de l'Énergie des États-Unis. Cette initiative est conforme aux exigences d'adhésion au Gold Standard de Cheniere dans le cadre du programme Methane Partnership 2.0 du Programme des Nations Unies pour l'environnement.

Cheniere Energy (NYSE: LNG) hat ein freiwilliges Jahresziel für die Methanintensität für seine Verflüssigungsanlagen angekündigt, mit dem Ziel, bis 2027 0,03 % pro Tonne produziertem LNG in seinen Anlagen an der US-Golfküste aufrechtzuerhalten. Dieses Ziel basiert auf umfassenden Emissionsmessdaten, einschließlich etwa 50 Luftmessungen, die über 16 Monate durchgeführt wurden. Das Unternehmen hat auch seine Lebenszyklusanalyse für LNG aktualisiert und zeigt eine niedrigere spezifische Treibhausgasemissionsintensität der Lieferkette im Vergleich zur NETL-Studie des Energieministeriums der USA von 2019. Diese Initiative steht im Einklang mit den Anforderungen an die Gold-Standard-Mitgliedschaft von Cheniere im Öl- & Gas-Methan-Partnerschaftsprogramm 2.0 des UN-Umweltprogramms.

Positive
  • Establishment of measurable methane emissions reduction target
  • Lower GHG emissions intensity compared to NETL 2019 study benchmarks
  • Implementation of comprehensive emissions measurement program with 50 aerial measurements
Negative
  • None.

Insights

This methane emissions intensity target announcement represents a significant strategic move for Cheniere. The target of 0.03% methane emissions per tonne of LNG by 2027 is notably ambitious and measurement-based, leveraging data from 50 aerial measurements over 16 months. The Gold Standard alignment under UNEP's OGMP 2.0 adds credibility to this commitment.

The updated life cycle assessment showing lower GHG emissions intensity compared to the NETL 2019 study positions Cheniere favorably in the increasingly ESG-conscious global energy market. This could strengthen the company's competitive position, particularly in Europe where environmental standards are stringent. For investors, this demonstrates proactive risk management against potential future carbon regulations and positions the company to capture premium pricing in markets that value lower-emission LNG.

Cheniere's measurement-based approach to emissions targeting is strategically significant in the evolving LNG market. With increasing global scrutiny on methane emissions and several countries implementing methane regulations, this positions Cheniere as an industry leader in emissions transparency and reduction. The peer-reviewed LCA validation adds scientific credibility to their environmental claims, potentially providing a competitive advantage in price-sensitive markets where emissions performance is becoming a differentiator.

Measurement-informed Scope 1 target builds upon Cheniere's climate strategy

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) today announced it has set a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. The Scope 1 methane target builds upon the Company’s robust climate strategy and leverages data from its multi-scale emissions measurement and mitigation programs. The methane target is consistent with the requirements to achieve Gold Standard under Cheniere’s membership in the United Nations Environment Programme’s (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0.

Cheniere aims to consistently maintain a Scope 1 annual methane emissions intensity of 0.03% per tonne of liquefied natural gas (LNG) produced across its two U.S. Gulf Coast liquefaction facilities by 2027. Using measured emissions data to inform methane targets represents an important element in Cheniere’s strategy and moves the industry forward in its climate performance.

Cheniere’s Quantification, Monitoring, Reporting and Verification (QMRV) projects — including data from approximately 50 aerial measurements of the Company’s operations at its liquefaction facilities performed over a 16-month period — informed the process of establishing the methane target.

“Cheniere’s LNG plays a critical role in meeting the world’s growing need for secure and reliable energy, while supporting the transition to a lower-carbon future,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “Our methane emissions intensity target reflects our commitment to leverage measurement-informed emissions data to improve the climate competitiveness of our LNG and ensure the long-term resilience of our business.”

In addition, Cheniere has updated its peer-reviewed LNG life cycle assessment (LCA), originally published in 2021. The new study has been accepted by a top-tier academic journal and is expected to be published soon. The updated LCA finds that in all cases the supply-chain specific GHG emissions intensity of Cheniere’s LNG is lower than those presented in the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) 2019 study.

Cheniere’s broader climate strategy focuses on a data- and science-based approach to identifying potential emissions reduction opportunities. The Company collaborates with suppliers throughout the LNG value chain, scientific experts, leading academic institutions and customers to inform, understand and improve the characterization of emissions performance and identify potential mitigation measures across the supply chain.

For more information on Cheniere’s Climate and Sustainability strategy and initiatives, visit cheniere.com/our-responsibility/climate

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (“LNG”) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass liquefaction facility, wholly-owned by its subsidiary Cheniere Energy Partners, L.P. (NYSE: CQP), and the Corpus Christi liquefaction facility, each on the U.S. Gulf Coast with total combined production capacity of approximately 45 million tonnes per annum (“mtpa”) of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Cheniere Energy, Inc.

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753

Media Relations

Eben Burnham-Snyder, 713-375-5764

Bernardo Fallas, 713-375-5593

Source: Cheniere Energy, Inc.

FAQ

What is Cheniere's (LNG) new methane emissions target for 2027?

Cheniere aims to maintain a Scope 1 annual methane emissions intensity of 0.03% per tonne of LNG produced across its U.S. Gulf Coast liquefaction facilities by 2027.

How many aerial measurements did Cheniere (LNG) conduct for its emissions data?

Cheniere conducted approximately 50 aerial measurements of its liquefaction facilities operations over a 16-month period.

How does Cheniere's (LNG) emissions performance compare to the NETL study?

Cheniere's updated LCA shows that its supply-chain specific GHG emissions intensity is lower than those presented in the U.S. Department of Energy's NETL 2019 study.

Cheniere Energy Partners, LP

NYSE:CQP

CQP Rankings

CQP Latest News

CQP Stock Data

23.56B
484.04M
49.57%
46.45%
0.13%
Oil & Gas Midstream
Natural Gas Distribution
Link
United States of America
HOUSTON