Cheniere Energy
| Company type | Public |
|---|---|
| Industry | Liquefied natural gas |
| Founded | 1996 |
| Headquarters | Houston , United States |
Key people | Jack Fusco (CEO) |
| Products | Liquefied natural gas (LNG) |
| Website | www |
Cheniere Energy, Inc. is a U.S.-based company specializing in liquefied natural gas (LNG), with its headquarters located in Houston, Texas.
In February 2016, Cheniere became the pioneer American firm to export LNG. As of 2024, it holds the position of the largest LNG exporter within the United States and ranks second worldwide.
By 2024, Cheniere had secured a spot on the Fortune 500 list.
Company history
Initially established as an oil and gas exploration business, Cheniere redirected its strategy in the early 2000s toward developing LNG regasification terminals, beginning with Sabine Pass in Louisiana in 2005. During the late 2000s, the company encountered difficulties due to a decline in LNG imports amid increasing global competition. In 2016, founder Charif Souki was removed from his role following disagreements with investor Carl Icahn.
The surge in U.S. natural gas output during the late 2010s facilitated Cheniere’s substantial growth, enabling it to become a leading LNG exporter by 2016.
Cheniere released its second corporate responsibility report in 2021, emphasizing initiatives aimed at measuring and lowering emissions through collaborations with producers and various organizations.
In 2018, the company entered into a $25 billion, 25-year LNG supply contract with Taiwan's CPC Corporation, with deliveries commencing in 2021.
Annually, Cheniere allocates around $800 million toward pipeline transit fees to support its growing export operations. The firm is also considering building proprietary pipelines to connect with additional natural gas production regions.
In 2024, CEO Jack Fusco held discussions with Donald Trump, who pledged to repeal environmental regulations impacting the oil and gas sector.
Regasification facilities
Cheniere Energy, via its subsidiaries, manages and operates two principal liquefied natural gas export and liquefaction terminals in the United States: the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana, and the Corpus Christi LNG Terminal situated near Corpus Christi, Texas.
On December 30, 2024, Cheniere announced the initial production of liquefied natural gas from a newly developed facility at the Corpus Christi LNG Terminal, representing a significant achievement in the Stage 3 expansion of the Corpus Christi site. The construction phase commenced in mid-2022 with Bechtel Energy serving as the lead contractor. This project is designed to increase the terminal's LNG output capacity by 10 million metric tons annually. By November 30, 2024, the expansion had reached 75.9% completion.