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. reports news on its U.S. liquefied natural gas platform, including the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast. The company operates across LNG procurement, transportation, liquefaction, vessel chartering and delivery, with revenue supported by long-term contracts and sales of uncontracted LNG.
Recurring updates cover operating results, financial guidance, LNG production and cargo activity, long-term LNG sales agreements, expansion projects along the LNG value chain, dividends, share repurchase authorizations, senior note financings and board governance matters. Related news may also include disclosures from Cheniere Energy Partners, the publicly traded partnership that owns the Sabine Pass LNG terminal and Creole Trail Pipeline.
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.
Cheniere Energy, Inc. (LNG) announced a $350 million share repurchase agreement with Icahn Enterprises at $130.52 per share, funded from its cash reserves. This transaction forms part of a broader $1 billion share repurchase program and is expected to close by June 21, 2022. Following the repurchase, Icahn Enterprises will hold fewer than 7,741,412 shares, resulting in the resignation of its board appointee. CEO Jack Fusco emphasized this move as a demonstration of confidence in the company’s future amidst a growing global demand for natural gas.
Cheniere Energy, Inc. (NYSE American: LNG) announced a 15-year LNG sale and purchase agreement with Equinor ASA, involving approximately 1.75 million tonnes per annum (mtpa) of LNG. Deliveries will start in H2 2026, reaching full capacity by H2 2027. Approximately 0.9 mtpa is conditioned on Cheniere making a positive final investment decision for additional liquefaction at Corpus Christi LNG Terminal. This partnership highlights Cheniere's commitment to meeting global energy demands sustainably.
Cheniere Energy, Inc. (LNG) announced a long-term liquefied natural gas (LNG) sales agreement with POSCO International Corporation. Under this 20-year agreement, POSCO will purchase approximately 0.4 million tonnes per annum starting in late 2026, with pricing based on the Henry Hub price plus a fixed liquefaction fee. This deal supports the Corpus Christi Stage III Project, anticipated to reach final investment decision this summer and to feature up to seven midscale liquefaction trains with over 10 mtpa capacity.
Cheniere Energy, Inc. (NYSE American: LNG) announced a long-term Integrated Production Marketing (IPM) agreement with ARC Resources U.S. Corp to supply 140,000 MMBtu per day of natural gas for 15 years. The gas will support the Corpus Christi Stage III Project, linked to Train 7's commercial operations. Cheniere will market approximately 0.85 million tonnes per annum of LNG. The agreement is contingent on a positive final investment decision for the project, anticipated this summer. Cheniere is a leading U.S. LNG producer and exporter.
Cheniere Energy Partners, L.P. (CQP) reported a net income of $159 million for Q1 2022, a decline of 54% year-over-year. Adjusted EBITDA stood at $1.0 billion, an increase of 32%. The company declared a cash distribution of $1.050 per common unit, to be paid on May 13, 2022. Total revenues surged 70% to $3.328 billion. LNG export volumes rose by 20% to 384 TBtu. The company reconfirmed its 2022 distribution guidance at $4.00 - $4.25 per unit.