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.
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 officially declared Train 2 at its Corpus Christi facility to be operational. Commissioning has been completed and the contractor, Bechtel, has passed responsibility for the site to Cheniere, a statement on September 3 said.
Cheniere Energy is working with derivatives marketplace CME Group to develop a futures contract for liquefied natural gas, a move that could make the burgeoning market for U.S. LNG more transparent as a host of companies move toward exporting it.
There’s a terminal on Louisiana’s coastline that seemingly everyone in the U.S. natural gas market is watching closely.
The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade.
Cheniere Energy last month exported its first cargo of LNG which had been domestically produced.
A LNG tanker docked at the Sabine Pass terminal in Louisiana only days before the United States ships its first export cargo of seaborne gas from the lower 48 states.
GE Oil & Gas has signed a $610 million agreement with Cheniere Energy to provide spare parts and maintenance support on two LNG trains at Chenier's export facility in Corpus Christy, Texas.