Cheniere’s history is filled with stories of transformation, overcoming challenges, capitalizing on opportunities and focusing on transforming the future of energy. The pioneer of U.S. LNG, Cheniere is the largest producer of LNG in the country and second largest operator in the world. As we have grown to two liquefaction facilities and a workforce of more than 1,500 around the globe, our story is one of ingenuity and innovation. We continue to adapt to market needs by bringing reliable, cleaner burning energy to power economies worldwide and help downstream markets meet their environmental targets.
A history of firsts,
with the future in mind
Cheniere Energy, Inc. was founded in 1996 to be an oil-and-gas exploration business. As time went by, we shifted from E&P to regas, and construction began at the Sabine Pass LNG facility.
Cheniere’s Sabine Pass LNG facility, located in southwest Louisiana, was placed into service as a regasification facility. The original design and construction of this facility was intended to import LNG, store it and warm it into a gaseous state, and send the natural gas out via pipelines to be used in the United States.
In response to growing domestic natural gas supplies and changing global energy market conditions, we announced our plan to initiate a project to add liquefaction and LNG export capabilities at our Sabine Pass LNG facility.
We signed our first LNG Sale and Purchase Agreement (SPA) to sell LNG indexed to U.S. Henry Hub prices, with a flexible contract structure that revolutionized the industry.
We became the first company in the contiguous United States to receive federal authorization to begin construction to add liquefaction services, at our Sabine Pass LNG facility. We made a positive final investment decision (FID) and commenced construction on the first two liquefaction trains at the Sabine Pass LNG facility.
We made a positive FID and commenced construction on the third and fourth trains at the Sabine Pass LNG facility.
As construction at our Sabine Pass LNG facility continued, we also announced a positive FID and began construction on our first two trains at a second facility in South Texas. Our Corpus Christi Liquefaction facility is the first greenfield LNG facility built in the contiguous United States and would become the first operational LNG export plant in Texas. Less than two months after initiating construction at the Corpus Christi Liquefaction facility, we made a positive FID and commenced construction on our fifth train at the Sabine Pass LNG facility.
This was a momentous year for our company as we began producing LNG at Sabine Pass. In February 2016, we produced and exported our first cargo of LNG. Train 1 at the Sabine Pass LNG facility was completed and placed into service in May 2016, followed by Train 2 in September 2016.
As expansion continued at our Sabine Pass LNG facility, we successfully placed Trains 3 and 4 into service in March and October, respectively. Construction also continued to progress at our Corpus Christi Liquefaction facility.
This was another historic year for the company, as we began producing LNG at our Corpus Christi Liquefaction facility. This was also the first year that we landed a spot as a Fortune 500 company. We also made a positive FID and began construction on a third train at our Corpus Christi Liquefaction facility.
We continued to reach milestones as we placed Train 5 in service at the Sabine Pass LNG facility in March and Trains 1 and 2 in service at the Corpus Christi LNG facility in February and August, respectively. All seven trains in operation were completed ahead of schedule and within budget. Additionally, we reached a positive FID and began construction on our sixth train at the Sabine Pass LNG facility.
We broke a worldwide industry record when we produced and exported our 1,000th LNG cargo in January less than four years after startup, a milestone we reached faster than any LNG producer in the world. We also jumped more than 150 spots on the Fortune 500 list.
We anticipate that Train 3 at our Corpus Christi Liquefaction facility will begin operations in 2021, Train 6 at the Sabine Pass LNG facility in 2022, and we have additional expansion plans at the Corpus Christi Liquefaction facility. We have quite a story, and we are confident there are many more milestones to come.