About Cheniere Energy
Cheniere Energy, Inc. (NYSE MKT: LNG) (Cheniere), is a Houston-based energy company primarily engaged in LNG-related businesses. We own and operate the Sabine Pass LNG receiving terminal and Creole Trail Pipeline located in Louisiana, through our general partner ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE MKT: CQP) (Cheniere Partners) and our partial ownership interest in Cheniere Energy Partners LP Holdings, LLC (NYSE MKT: CQH).
Cheniere Partners is developing, constructing and operating a liquefaction project at the Sabine Pass LNG terminal (the "SPL Project") adjacent to the existing regasification facilities for up to six trains, with expected aggregate nominal production capacity of approximately 27.0 mtpa of LNG. Train 1 commenced operations in May 2016 and Train 2 commenced operations in September 2016. Train 3 is in commissioning and Trains 4-5 are currently under construction. All regulatory approvals have been received to construct and operate Train 6, and FID is expected to be reached upon obtaining an EPC contract, commercial contracts and financing sufficient to support construction.
Cheniere is developing and constructing additional liquefaction facilities near Corpus Christi, Texas (the "Corpus Christi LNG terminal"). The Corpus Christi LNG terminal is being designed for up to five trains, with expected aggregate nominal production capacity of approximately 22.5 mtpa of LNG, three LNG storage tanks with capacity of approximately 13.5 Bcfe and two marine berths. Construction began on the first two trains in May 2016. All regulatory approvals have been received to construct and operate Train 3, and FID is expected to be reached upon obtaining commercial contracts and financing sufficient enough to support construction. Cheniere has also filed the NEPA pre-filing to commence the regulatory process on Train 4 and 5.
Cheniere is also engaged in LNG marketing and trading operations. Through its subsidiary, Cheniere Marketing, it is offering LNG on an FOB or DAT basis to customers interested in purchasing LNG in the short and mid-term markets. Cheniere Marketing LLC and its subsidiaries (Cheniere Marketing) has access to all excess nominal production capacity not sold under long-term sale and purchase agreements to third parties.
Cheniere continues to evaluate the energy markets for additional development and/or marketing opportunities that would leverage the existing platform and strategically fit within the Cheniere organization.