For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission. Fusco said during the companys second-quarter earnings call Source: Cheniere Energy Partners, L.P. and Cheniere Energy, Inc. We recommend viewing this site in Chrome. Our Standards: The Thomson Reuters Trust Principles. jacob.dick@naturalgasintel.com, U.S. natural gas exports to Mexico via pipeline averaged an all-time monthly high of 6.8 Bcf/d in June, the U.S. Energy Information Administration (EIA) said, citing data from Wood Mackenzie. Eben Burnham-Snyder 713-375-5764. 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As the first and largest LNG export facility in the Lower 48, Sabine Pass has pioneered an industry critical to supplying reliable, flexible, and cleaner burning natural gas to markets and customers around the world, and we look forward to significantly growing those capabilities through the SPL Expansion Project, said Jack Fusco, Chairman, President and CEO of Cheniere Partners. It is the second contract for the expansion . SPL Expansion Project is being designed for approximately 20 million tonnes per annum and is expected to leverage existing infrastructure at Sabine Pass. Frances Smith 713-375-5753, Media Relations As with other Cheniere projects, a final investment decision (FID) would not come until about 90% of capacity is contracted. Frances Smith, 713-375-5753, Media Relations Cheniere CEO Jack Fusco in a statement announcing the Equinor deal described the project as one "we continue to rigorously develop in order to meet the world's growing demand for secure, long-term energy supplies and the economic and environmental benefits of Cheniere's LNG." The Sabine Pass terminal is typically the busiest export terminal for liquefied natural gas that's sourced primarily from inland shale basins. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Copyright 2023 Inspectioneering, LLC. ISSN 1532-1266 Cheniere | History BY ROBERT STEWART | Staff writer Feb 23, 2023 Cheniere Energy operates the Sabine Pass LNG export facility in Cameron Parish. View source version on businesswire.com: https://www.businesswire.com/news/home/20230515005658/en/, Cheniere Energy, Inc. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Tennessee lawmakers gather for special session on gun policy. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.Want to learn about how we can work together to bring you actionable insight and support your business decisions? Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile, Unlock this article for free - enter your email address. during the call. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. With class-leading thermal performance, superior CUI defense, and complimentary engineering support, our aerogel insulation solutions are a top choice in helping facilities drive energy efficiency, improve safety, increase yields, and reduce downtime. Long-Term SPA Expected to Support Sabine Pass Expansion Project. A sign for the entrance of the Cheniere Texas LNG facility is seen in Portland, Texas, U.S., June 13, 2022. Exclusive: Cheniere to fix Louisiana LNG plant equipment after failing Follow the topics you want and receive the daily emails. | Cheniere has turned to midscale trains for its expansion of Corpus Christi LNG, but President and CEO Jack Fusco maintained during a Feb. 23 earnings call with analysts that larger units would be more economical for Sabine Pass, which relies on coal-fired electricity transported from Texas. Cheniere and KOSPO Sign Long-Term LNG Sale and Purchase Agreement In addition to efforts to improve the environmental performance of fossil fuel use, KOSPO is focused on providing clean and stable electricity, leading the way to carbon neutrality in Korea, including by developing renewable energy such as solar power, wind power, and fuel cells. Shares of the company surged 8% to $159.71 in afternoon trade. An announcement in . That pre-filing process began in September. U.S. supplies will be more important this year with Russian deliveries to Europe largely cut. Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. The new system would connect to interstate and/or intrastate pipelines to be developed by others in the future, according to the filing. By submitting my information, I agree to the Privacy Policy, Terms of Service and to receive offers and promotions from NGI. We have engaged Bechtel Energy, Inc. to complete aFront End Engineering and Design (FEED) study of the SPL Expansion Project. The Texas-based company posted net income attributable to common stockholders of $3.94 billion, or $15.78 per share. Cheniere strikes 15-year LNG offtake deal with Equinor tied to Sabine Cheniere Initiates Permitting Process for Significant Expansion of LNG Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate pipelines. The firms had signed an LNG supply deal last year, and the new agreement doubles the volume of LNG that Equinor will export from Cheniere's LNG terminals on the U.S. Gulf Coast, the Norwegian firm said. Of the 26 vessels laden with LNG that left export terminals over the seven-day period ending Feb. 16, nine of them left from Sabine Pass. Cheniere begins permitting process for Sabine Pass LNG expansion However, last year Cheniere asked federal regulators for a 31-month extension to build the proposed Stage 3 expansion due to delays resulting from the COVID-19 pandemic. Cheniere Energy Unveils Sabine Pass LNG Expansion Plans - Inspectioneering Pre-filing Sabine Pass Stage 5Expansion Project, Sabine Pass Liquefaction Expansion Project - Project Location Map. The SPL Expansion Project is being developed to include up to three natural gas liquefaction trains with an expected total production capacity of approximately 20 mtpa of LNG. Maps. Expects price-sensitive Asian LNG demand to resume. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Corpus Christi Stage 3 expansion and LNG offtake contracts 130% year-on-year. Aug. 21 (UPI) -- Tennessee's House and Senate will gavel in for a special session Monday to discuss mental health and gun policy, months after six people, including three children, were killed in a school shooting in Nashville. NGI The Weekly Gas Market Report We expect to submit the full regulatory filing to the FERC following the mandatory 180-day pre-filing period. REUTERS/Callaghan O'Hare, Storm Hilary moves north after drenching Southern California, Southwest, US yields hit decade highs; European shares and Nasdaq rise, Greece wildfires fanned by strong winds, killing one, Two dead, thousands homeless in Chile after heavy rains, Ecuador election: Correa-protege, business heir to face off in presidential runoff, Fitch downgrades Hawaiian Electric to junk on worries over wildfire exposure, Charles Schwab to reduce headcount to bring down costs, SoftBank-owned Arm reveals revenue fall ahead of blockbuster US IPO. Through access to an extensive pipeline network, Sabine Pass has the ability to access natural gas from every supply source in the continental United States east of the Rocky Mountains and works with dozens of natural gas producers and infrastructure companies to purchase natural gas supply and reliably transport the supply to the terminal. Our success has allowed us to do more, and to create positive impacts within the communities where we live and work. Cheniere Initiates Permitting Process for Significant Expansion of LNG Export Capacity at Sabine Pass Download as PDF February 23, 2023 7:15am EST SPL Expansion Project is being designed for approximately 20 million tonnes per annum and is expected to leverage existing infrastructure at Sabine Pass Cheniere said that its first seven months of 2022 were the The boil-off gas reliquefaction unit is new to Cheniere facilities. All rights reserved. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate pipelines. Additional information can be found at the below websites. HOUSTON--(BUSINESS WIRE)-- LNG exports were key to helping Europe rebuild its gas stockpiles after Russia's invasion of Ukraine disrupted supplies. HOUSTON-- (BUSINESS WIRE)-- Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE American: LNG) announced today that Cheniere's subsidiary, Cheniere Marketing, LLC ("Cheniere Marketing"), has entered into a long-term liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with ENN LNG (Singapore) Pte. While the companys Sabine Pass location is making adjustments, the Corpus Christi facility submitted testing documents to the state last month that showed emissions from all of its 18 refrigeration turbines were below the EPA's threshold, according to Reuters. The company sees 2023 consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) between $8 billion and $8.5 billion and expects distributable cash flow of $5.5 billion to $6 billion. US Cheniere eyes further 30mtpa expansion at both Sabine Pass, Corpus Stakeholders can reach out to the project with feedback, questions or concerns at community@cheniere.com or 888-371-3607. It is the second contract for the expansion, after a deal with Korea Southern Power (KOSPO). before its expansion, or Australia. The SPL Expansion Project is expected to benefit from the significant existing infrastructure at the SPL Project and contemplates various enhancements to its current capabilities, including optimized ship loading at the existing marine facilities. Cheniere Energy Partners, L.P. ("Cheniere Partners"), a subsidiary of Cheniere Energy, Inc. ("Cheniere"), recently announced that its subsidiaries have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission ("FERC") for the proposed Sabine Pass Stage 5 Expansion Project (the "SPL Expansion Project . The commission, after hearing arguments from environmentalist groups to deny the request, granted Cheniere the time extension in May. Cheniere has already reached out to project management firm Bechtel Energy to conduct a front-end engineering and design study for the expansion. Cheniere also beat fourth-quarter revenue estimates. Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of six liquefaction Trains with a total production capacity of approximately 30 million tonnes per annum of liquefied natural gas. Connecting markets and data, enabling customers to make smarter business decisions. Sabine Pass expansion. Cheniere Energy Inc. will expand its Sabine Pass, Louisiana, operations by adding as many as three trains in an adjacent parcel with a total capacity of about 20 million tonnes per annum (mtpa), the company said Feb. 23 as part of its fourth-quarter 2022 earnings announcement. After production, petroleum products can be transferred by pipeline, rail, truck, oil tanker or barge for further refining and/or Cheniere Energy, Inc. has entered into a long-term LNG sale and purchase agreement with PetroChina, whereby Cheniere will sell up to approximately 1.8 million tonnes of LNG per year to Petrochina on a free-on-board basis. The first of the seven trains should be commissioned by late 2025. Cheniere begins permitting process for Sabine Pass expansion project Feed gas related to the SPL Expansion Project is expected to be transported via a combination of new and existing pipelines currently supplying the SPL Project. Cheniere Energy ( NYSE: LNG) said it may build a new pipeline to link its Sabine Pass expansion project in Louisiana to other pipelines in major shale gas producing regions, Reuters reported . Monitor cost pressures and identify early signs of production shifts. Formore information, please refer to the Cheniere Partners website at www.cheniere.com.
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