Welcome to our dedicated page for Cheniere Energy news (Ticker: LNG), a resource for investors and traders seeking the latest updates and insights on Cheniere Energy stock.
Cheniere Energy Inc. (NYSE MKT: LNG) is a prominent energy company based in Houston, Texas, with a primary focus on liquefied natural gas (LNG) businesses. Cheniere operates the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline in Louisiana. These assets are managed through Cheniere's general partner ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE MKT: CQP) and partial ownership interest in Cheniere Energy Partners Holdings, LLC (NYSE MKT: CQH).
Cheniere Partners is actively developing, constructing, and operating a liquefaction project at the Sabine Pass terminal. This project, known as the Sabine Pass Liquefaction Project (SPL Project), features up to six LNG trains with a combined nominal production capacity of approximately 27.0 million tonnes per annum (mtpa). Train 1 of the SPL Project commenced operations in May 2016, while Trains 2 through 5 are currently under construction, showcasing Cheniere's commitment to expanding its LNG output.
In addition to the Sabine Pass terminal, Cheniere is also developing and constructing additional liquefaction facilities at the Corpus Christi LNG Terminal in Texas. This expansion initiative underscores the company’s strategy to enhance its footprint in the global LNG market.
Cheniere Energy also operates Cheniere Marketing, which markets LNG using its own gas volumes, furthering its reach in the international energy markets. The company is continuously involved in strategic partnerships and projects that bolster its growth trajectory and operational capabilities.
Cheniere's financial health and operational efficiency have positioned it as a key player in the energy sector, making significant contributions to the LNG industry. By providing critical infrastructure and engaging in continuous development projects, Cheniere Energy plays a vital role in meeting the global demand for natural gas.
Latest News: Source: Cheniere Energy, Inc.
Source: Cheniere Energy Partners, L.P.
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Cheniere Energy, Inc. (NYSE American: LNG) has announced a collaboration with natural gas midstream companies and academic institutions for a six-month program focused on greenhouse gas (GHG) emissions quantification, monitoring, reporting, and verification (QMRV). This initiative aims to enhance the understanding of GHG emissions specific to Cheniere's supply chain and includes partnerships with prominent companies like Kinder Morgan, MPLX, and the University of Texas. The program supports Cheniere's climate strategy, which involves providing Cargo Emissions Tags to customers this year.
Cheniere Energy, Inc. (LNG) plans to release its first quarter 2022 financial results on May 4, 2022, before markets open. An investor and analyst conference call will follow at 11:00 a.m. ET. The event will be accessible via a live webcast on Cheniere's website, with a replay available afterward. Cheniere is recognized as the leading producer and exporter of liquefied natural gas in the U.S., with extensive operations including liquefaction facilities at Sabine Pass and Corpus Christi, totaling a production capacity of approximately 45 million tonnes per annum.
Cheniere Energy, Inc. (LNG) announced an amendment to its LNG sale and purchase agreement with Engie SA, originally signed in June 2021. The new agreement increases the volume of LNG purchased to approximately 0.9 million tonnes per annum for an extended term beyond 2040, building on the previous agreement that began in September 2021. The LNG pricing is indexed to the Henry Hub price plus a fixed liquefaction fee. This amendment underscores Cheniere's commitment to providing a long-term, reliable LNG supply to Europe and emphasizes sustainable energy solutions.
Cheniere Energy announced its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC, has signed a lump sum EPC contract with Bechtel for the Corpus Christi Stage III Project. This project aims to establish up to seven liquefaction trains, each capable of producing 1.49 million tonnes per annum (mtpa), totaling over 10 mtpa. The project is backed by long-term agreements with reliable counterparties. Cheniere expects a Final Investment Decision (FID) this summer, with operations anticipated to start in 2025, highlighting the importance of natural gas in the global energy landscape.
Cheniere Energy has announced an amendment to its long-term gas supply agreement with EOG Resources, tripling the volume of LNG provided. The amended deal allows EOG to supply 420,000 MMBtu of natural gas per day for 15 years, with total supply reaching 720,000 MMBtu daily once all contracts commence. The amendments are crucial for the Corpus Christi Stage III project, which aims for a production capacity of over 10 mtpa. The transaction signifies Cheniere's commitment to further developing its liquefaction capabilities.
Cheniere Energy reported financial results for Q4 and full year 2021, showcasing substantial growth with Consolidated Adjusted EBITDA of $1.3 billion and $4.9 billion, respectively. The company registered a net loss of approximately $1.3 billion for Q4 and $2.3 billion for the full year, largely due to increased derivative losses. However, guidance for 2022 has been raised to $7.0 - $7.5 billion for EBITDA and $4.3 - $4.8 billion for Distributable Cash Flow. The completion of Train 6 at the Sabine Pass LNG terminal and strong LNG market growth were key drivers. Cheniere Partners plans to initiate quarterly distributions in 2022.
Cheniere Energy Partners reported robust financial results for Q4 and the full year of 2021, with a net income of $506 million and $1.6 billion, respectively. The company achieved an Adjusted EBITDA of $868 million for Q4 and $3.1 billion for the full year. Distribution guidance for 2022 was raised to $4.00 - $4.25 per common unit. Significant operational milestones included the substantial completion of Train 6 of the SPL Project and substantial LNG exports of 12 TBtu in Q4 2021. Total liquidity was noted at over $2.5 billion.
Cheniere Energy Partners, L.P. (CQP) achieved Substantial Completion of Train 6 at the Sabine Pass liquefaction project on February 4, 2022, ahead of schedule and within budget. This marks the completion of all six liquefaction trains at Sabine Pass, enhancing CQP's production capacity to approximately 30 mtpa of LNG. Financial results from Train 6 will now contribute to CQP's operations. The project highlights the effective collaboration between Cheniere and Bechtel, positioning CQP to expand further in the LNG market.
Cheniere Energy Partners, L.P. (CQP) announced a cash distribution of $0.70 per common unit, totaling $2.80 when annualized, to unitholders of record as of February 7, 2022. Payments will be made on February 14, 2022. The press release notes that 100% of distributions to foreign investors will incur federal income tax withholding at applicable rates. Cheniere Partners operates LNG facilities at the Sabine Pass terminal in Louisiana, with a total capacity of approximately 30 mtpa and owns the Creole Trail Pipeline.
Cheniere Energy, Inc. (NYSE American: LNG) has declared a quarterly cash dividend of $0.33 per common share, payable on February 28, 2022, to shareholders of record by February 7, 2022. Cheniere is a leading producer and exporter of liquefied natural gas in the U.S., with a total production capacity of approximately 45 million tonnes per annum. The company operates major facilities at Sabine Pass and Corpus Christi and is actively pursuing expansion opportunities within the LNG value chain.
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