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.
Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.
Houston-based Cheniere Energy reported soaring profits Tuesday while warning of slowing demand in Asia amid warmer winters, the rise of nuclear power and concern that the coronavirus outbreak could drag down the global economy.
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
The US’ Federal Energy Regulatory Commission (FERC) has approved four LNG export plans, three of which are located in Texas’ Brownsville Ship Channel.
Cheniere Energy has signed a deal to provide liquefaction services to EOG Resources, a US-based shale producer.
Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.
Cheniere Energy has reported a net loss $291million for the three months ended December 31, 2015, compared to a net loss of $158.6million the previous year.
The former chief executive of Cheniere Energy has resigned from the company’s board after being replaced at the end of last year.
The chief executive of Cheniere Energy plans to cash in on 50,000 shares in the company, according to a recent regulatory filing. The Securities and Exchange Commission (SEC) filing shows Charif Souki holds around 3.4million shares in the firm.