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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 Partners reported a second quarter 2022 net income of $342 million, down from $395 million in 2021. Adjusted EBITDA rose to $1.0 billion, a 42% increase. Revenue soared 121% to $4.18 billion. The company declared a cash distribution of $1.060 per common unit for unitholders, reaffirming a full year distribution guidance of $4.00 - $4.25. A long-term LNG agreement with Chevron was also established, with deliveries starting in 2026. However, non-cash losses in commodity derivatives affected net income significantly.
Cheniere Energy reported robust financial results for Q2 2022, achieving Consolidated Adjusted EBITDA of approximately $2.5 billion and $5.7 billion for the three and six months ended June 30, respectively. Net income was $0.7 billion for Q2, a significant recovery from a loss in Q2 2021. Full-year guidance for Consolidated Adjusted EBITDA is raised to $9.8 - $10.3 billion. The company secured long-term contracts totaling 140 million tonnes of LNG through 2050 and made a positive final investment decision on the Corpus Christi Stage 3 Project.
Cheniere Energy, Inc. (NYSE American: LNG) announced a quarterly cash dividend of $0.33 per common share, payable on August 16, 2022, to shareholders of record by the close of business on August 9, 2022. As a leading producer and exporter of liquefied natural gas in the U.S., Cheniere operates major liquefaction facilities with a capacity of approximately 45 million tonnes per annum and more expansions in progress. This dividend declaration underscores Cheniere's commitment to returning value to shareholders.
Cheniere Energy, Inc. (LNG) has signed a long-term LNG sale and purchase agreement with PTT Global LNG Company Limited, a subsidiary of Thailand's state-owned PTT. Under this agreement, PTTGL will purchase 1.0 million tonnes per annum of LNG from Cheniere's Corpus Christi Liquefaction facility for 20 years starting in 2026. The pricing is indexed to the Henry Hub price, demonstrating Cheniere's commitment to tailored commercial offerings. This marks a significant step in enhancing energy security and sustainability in Southeast Asia.
Cheniere Partners announced a cash distribution of $1.06 per common unit for unitholders as of August 4, 2022. This includes a base distribution of $0.775 and a variable amount of $0.285, payable on August 12, 2022. The press release notes that all distributions to foreign investors are subject to federal income tax withholding. Cheniere Partners operates the Sabine Pass LNG terminal in Louisiana, capable of producing approximately 30 mtpa of LNG, and owns the Creole Trail Pipeline connecting to major interstate pipelines.
Cheniere Energy has signed a long-term LNG sale and purchase agreement with PetroChina's subsidiary, committing to supply up to 1.8 million tonnes per annum of LNG starting in 2026. The deal is structured on a free-on-board basis and is indexed to the Henry Hub price. Deliveries are set to increase to full capacity by 2028 and run through 2050. This agreement builds on Cheniere's existing relationship with PetroChina, raising total LNG sales to the company to approximately 3 million tonnes per annum, supporting China’s energy transition goals.
Cheniere Energy, Inc. (LNG) will release its Q2 2022 financial results on Thursday, August 4, 2022, before market opening. A conference call for investors and analysts is scheduled for 11:00 a.m. ET. The call will provide insights into the company's financial performance and future outlook. Cheniere, a leading liquefied natural gas producer in the U.S., operates major facilities with a total capacity of approximately 45 million tonnes per annum and has over 10 million tonnes per annum in expected production capacity under construction.
Cheniere Energy, Inc. (LNG) announced long-term liquefied natural gas (LNG) sale agreements with Chevron (CVX) for a combined 2.0 million tonnes per annum. The first agreement involves Chevron purchasing 1.0 mtpa from Sabine Pass Liquefaction, starting in 2026. The second contract is for 1.0 mtpa from Cheniere Marketing, commencing in 2027, contingent upon a positive investment decision for new liquefaction capacity. Both agreements highlight increasing LNG demand and are tied to the Henry Hub price. Early termination of an LNG Terminal Use Agreement with Chevron is also noted.
Cheniere Energy, Inc. (LNG) announced a significant milestone with the Financial Investment Decision (FID) for the Corpus Christi Stage 3 Liquefaction Project, allowing construction to continue with Bechtel Energy. This project aims to enhance Cheniere's LNG infrastructure, providing over 10 million tonnes per annum to the global market by the end of 2025. Additionally, Cheniere secured $4 billion in senior secured loans and a $1.5 billion working capital facility to finance the project, demonstrating their commitment to expanding LNG production and infrastructure.
Cheniere Energy, Inc. (LNG) has released its 2021 Corporate Responsibility report titled Acting Today, Securing Tomorrow. The report emphasizes the company's ESG initiatives, which include a 34% reduction in Scope 1 greenhouse gas emissions intensity since 2016 and plans to increase employee ESG-related performance compensation from 17% to 30%. With around 75% of its LNG volumes delivered to Europe this year, Cheniere highlights its role in enhancing energy security. The report aligns with TCFD and SASB guidelines and features the introduction of Cargo Emissions Tags for customers.
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