Cheniere Highlights Benefits of U.S. LNG in 2023 Corporate Responsibility Report

Rhea-AI Summary

Cheniere Energy (NYSE: LNG) has released its 2023 Corporate Responsibility Report, titled 'Energy Secured, Benefits Delivered.' The report showcases Cheniere's role in enhancing global energy security and supporting economic growth through its LNG production. Key highlights include:

- Producing ~50% of U.S. LNG and being a leading supplier to Europe
- Completing QMRV R&D projects to improve understanding of LNG lifecycle GHG emissions
- Co-founding the Energy Emissions Modeling and Data Lab (EEMDL)
- Achieving a 0.10 Total Reportable Incident Rate (TRIR), a top-decile safety record
- Contributing 13,000+ volunteer hours and $5.6 million in direct community support

The report emphasizes Cheniere's commitment to responsible energy production and its focus on environmental, social, and governance (ESG) matters.

Positive

• Producing approximately 50% of U.S. LNG, enhancing energy security
• Leading supplier of LNG to Europe during a time of need
• Achieved 0.10 Total Reportable Incident Rate (TRIR), a top-decile safety record in the industry
• Contributed over 13,000 volunteer hours and $5.6 million in direct community support

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) today published its 2023 Corporate Responsibility Report, titled “Energy Secured, Benefits Delivered.” The report highlights Cheniere’s critical role in enhancing global energy security while supporting economic growth with its reliable and flexible LNG.

“Energy Secured, Benefits Delivered” also details Cheniere’s progress on environmental, social and governance (ESG) matters, as well as the company’s operational and safety track record, customer focus, project execution and financial performance.

“It is a privilege to share Cheniere’s 2023 Corporate Responsibility Report, which highlights our accomplishments and commitment to responsibly meet the global demand for reliable and affordable energy, strengthening energy security and delivering benefits to the United States and the world,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “The benefits of U.S. LNG exports to our local communities, the United States, our friends and allies, and to the global effort to improve air quality and reduce GHG emissions are real and verifiable.”

Additional highlights from Cheniere’s 2023 Corporate Responsibility Report include:

• Producing ~50% of U.S. LNG and being a leading supplier to Europe, enhancing energy security in that region in a time of need
• Completing quantification, monitoring, reporting and verification (QMRV) R&D projects in collaboration with business partners across Cheniere’s supply chain to improve the overall understanding of LNG lifecycle GHG emissions
• Co-founding and sponsoring the Energy Emissions Modeling and Data Lab (EEMDL), a multidisciplinary research and education initiative led by the University of Texas at Austin in collaboration with Colorado State University and the Colorado School of Mines to advance methods and tools to address the need for accurate, timely and clear accounting of GHG emissions
• Achieving a 0.10 Total Reportable Incident Rate (TRIR), a top-decile safety record in the industry
• Totaling over 13,000 volunteer hours and contributing $5.6 million in direct giving in support of our communities

Visit the Our Responsibility section on cheniere.com to read the full report, past reports and accompanying materials.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of 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 and Corpus Christi facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 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 and has offices in London, Singapore, Beijing, Tokyo and Washington, D.C.

For additional information, please refer to the Cheniere website at 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240814511025/en/

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 percentage of U.S. LNG does Cheniere Energy (LNG) produce?

According to Cheniere's 2023 Corporate Responsibility Report, the company produces approximately 50% of U.S. LNG.

What is Cheniere Energy's (LNG) safety record as reported in their 2023 Corporate Responsibility Report?

Cheniere Energy achieved a 0.10 Total Reportable Incident Rate (TRIR), which is considered a top-decile safety record in the industry.

How much did Cheniere Energy (LNG) contribute to community support in 2023?

Cheniere Energy reported contributing over 13,000 volunteer hours and $5.6 million in direct giving to support their communities.

What research initiative did Cheniere Energy (LNG) co-found to address GHG emissions accounting?

Cheniere Energy co-founded and sponsored the Energy Emissions Modeling and Data Lab (EEMDL), a multidisciplinary research and education initiative led by the University of Texas at Austin in collaboration with Colorado State University and the Colorado School of Mines.