By Katrina Lewis (Bloomberg) --Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas. Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according to data compiled … [Read more...]
U.S. LNG Behemoth Tests Slump in Sign it May Curb Production
The LNG vessel Hoegh Galleon at Cheniere’s Corpus Christi Liquefaction, January 26, 2020. Photo: Business Wire By Naureen S. Malik, Anna Shiryaevskaya and Stephen Stapczynski (Bloomberg) -- One of the world’s biggest liquefied natural gas exporters is signaling it may throttle back production. Cheniere Energy Inc. has tendered to buy six shipments for delivery to Europe … [Read more...]
Cheniere Announces the Substantial Completion of Train 2 at its Corpus Christi Liquefaction Project
Cheniere Energy has announced the substantial completion of the Train 2 at the Corpus Christ LNG liquefaction project. Substantial completion means that the project has been completed enough so that Cheniere can take over care, custody, and control of Train 2 and begin using it to export LNG. Cheniere’s EPC partner in the project, Bechtel Oil, Gas and Chemicals, is … [Read more...]
Cheniere Signals New LNG Pricing Structure with Apache Deal
By Sabina Zawadzki LONDON, June 3 (Reuters) - Cheniere Energy said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. natural gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature … [Read more...]
Cheniere Hunts U.S. LNG Export Deals with China, Trade Truce or Not
By Bloomberg News (Bloomberg) -- America’s biggest natural gas exporter is ready to sign long-term agreements with buyers in China, the world’s top market for the fuel, with or without a trade truce. Cheniere Energy Inc. isn’t delaying any liquefied natural gas deals because of the trade dispute, Chief Executive Officer Jack Fusco said in an interview in Shanghai. If that’s … [Read more...]