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Company type | Public |
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AMEX: LNG Russell 1000 Index component | |
Industry | Energy, natural gas |
Founded | 1996 [1] |
Headquarters | Houston, Texas |
Key people | Jack Fusco, CEO [2] |
Revenue | ![]() |
4,559,000,000 United States dollar (2022) ![]() | |
1,428,000,000 United States dollar (2022) ![]() | |
Number of employees | 1,530 [3] |
Website | www |
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas. In February 2016 it became the first American company to export liquefied natural gas. [4] As of 2018 it is a Fortune 500 company. [2]
Initially an oil-and-gas exploration company, the company shifted its focus in the early 2000s to developing liquified natural gas regas terminals, beginning with a terminal in Sabine Pass, Louisiana in March 2005. [5] The company faltered in the late 2000s as LNG imports dried up due to international competition. [6] In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor Carl Icahn. [7]
In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets under its newly appointed CEO, Jack Fusco (former President and CEO of Calpine). [8]
Cheniere published its second annual corporate responsibility report in June 2021 . [9] Cheniere says it is taking innovative steps towards quantifying, monitoring, reporting and verifying data in partnership with producers and institutions in an effort to find opportunities to lower emissions. [10]
In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply liquefied natural gas for 25 years in a contract worth approximately US$25b. Deliveries to Taiwan are set to begin in 2021. [11]
The company spends $800 million USD annually in pipeline transit fees to supply its expanding export facilities and is interested in constructing its own pipelines to access other pipelines and gas production fields. [12]
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state at standard conditions for temperature and pressure.
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The sale was completed on 15 February 2016. Prior to the takeover, BG Group was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public company in the world.
Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers. Sempra's focus is on electric and natural gas infrastructure and its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California; Oncor Electric Delivery Company in Texas; and Sempra Infrastructure, with offices in California.
Polskie Górnictwo Naftowe i Gazownictwo S.A., abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services.
Novatek is Russia's second-largest natural gas producer, and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a sales office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.
CPC Corporation is a state-owned petroleum, natural gas, and gasoline company in Taiwan and is the core of the Taiwanese petrochemicals industry.
QatarEnergy LNG, formerly Qatargas, is the world's largest liquefied natural gas (LNG) company. It produces and supplies the globe with 77 million metric tonnes of LNG annually from across its seven ventures—QatarEnergy LNG N(1), QatarEnergy LNG N(2), QatarEnergy LNG N(3), QatarEnergy LNG N(4), RL1, RL2 and RL3. It is headquartered in Doha, Qatar, and maintains its upstream assets in Ras Laffan, Qatar. Natural gas is supplied to the company's LNG trains from Qatar's North Field, by far the world's largest non-associated gas field. It reached a record LNG production of 77 million tonnes per year in December 2010. According to Brand Finance, QatarEnergy LNG is the world's fastest growing oil and gas brand in 2023. QatarGas is said to be used through gas diplomacy as leverage by Qatar on the EU and India to advance its interests and silence criticism of its human rights violations and corruption.
GAIL (India) Limited is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL and electricity generation. GAIL was given the Maharatna status on the 1 February 2013 by the Indian Government, a status which 11 other Public Sector Undertakings (PSUs) have.
Snam S.p.A. is an Italian energy infrastructure company.
The State of Alaska is both a producer and consumer of natural gas. In 2006, Alaska consumed 180.4 Bcf of natural gas.
Korea Gas Corporation (KOGAS) is a South Korean public natural gas company that was established by the Korean government in 1983. KOGAS has grown into the largest LNG-importing company in the world and operates four LNG regasification terminals and 4,945 km of natural gas pipelines in South Korea.
Klaipėda LNG terminal is an liquefied natural gas import terminal in the port of Klaipėda, Lithuania. It cost US$128 million to construct. The developer and owner of the project is KN Energies.
Natural gas was the United States' largest source of energy production in 2016, representing 33 percent of all energy produced in the country. Natural gas has been the largest source of electrical generation in the United States since July 2015.
Charif Souki is an American businessman. He is the co-founder and former CEO of Cheniere Energy, an oil and gas company which specialized in liquefied natural gas. He was the highest-paid chief executive officer in the United States in 2013.
The Tanzania Liquefied Natural Gas Project (TLNGP), also Likong’o-Mchinga Liquefied Natural Gas Project (LMLNGP), is a planned liquefied natural gas processing plant in Tanzania.
Tellurian Inc. is a natural gas company headquartered in Houston, Texas. It was founded in 2016 by Charif Souki and Martin Houston and is led by President and CEO Octávio Simões.
The Russia–EU gas dispute flared up in March 2022 following the invasion of Ukraine on 24 February 2022. Russia and the major EU countries clashed over the issue of payment for natural gas pipelined to Europe by Russia's Gazprom, amidst sanctions on Russia that were expanded in response to Russia's 2022 invasion of Ukraine. In June, Russia cut the flow of gas to Germany by more than half, and in September of that year it stopped it altogether. On 26 September 2022, three of the four pipes of the Nord Stream 1 and 2 gas pipelines ruptured with evidence of sabotage.
Xinjiang Guanghui Industry Investment Group Co., Ltd. is a major automotive sales, energy, mining, and real estate company based in the city of Ürümqi in the Xinjiang Autonomous Region of China. It was founded in 1989 by Sun Guangxin as a privately owned restaurant, nightclub, and recreational sports company, but entered the real estate development business in 1993. This subsidiary, Xinjiang Guanghui Real Estate Development, became the largest private real estate owner in Ürümqi.
Freeport LNG—also known as Freeport LNG Development, L.P.—is a U.S. exporter of Liquified Natural Gas (LNG) located in Freeport, Texas. Freeport was an early entrant to the then emerging U.S. LNG market in the early 2000s, initially as a gas importer, and then pivoted to develop an LNG export terminal in the early 2010s after the US shale gas revolution. LNG import operations came online in 2008, while export operations began in 2019.