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Business Wire
6 days ago
- Business
- Business Wire
Cheniere Highlights Success Through Teamwork in 2024 Corporate Responsibility Report
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. ('Cheniere' or the 'Company') (NYSE: LNG) today published its 2024 Corporate Responsibility Report, titled 'Together, We Deliver.' The report highlights Cheniere's vital role in helping meet the world's growing need for secure and reliable energy, which is enabled by the support of our stakeholders, including employees, communities and shareholders. 'It is a privilege to share Cheniere's 2024 Corporate Responsibility Report, which highlights the accomplishments of our teamwork and reiterates our commitment to safely and responsibly meeting the world's demand for reliable and affordable energy, while enhancing energy security and delivering significant benefits to the United States and our customers worldwide,' said Jack Fusco, Cheniere's President and Chief Executive Officer. 'Looking ahead, we are focused on safely delivering supply to meet LNG demand, while advancing the environmental competitiveness and sustainability of our LNG. We are committed to working together to responsibly deliver a reliable, competitive and integrated source of LNG in a safe and rewarding work environment.' Highlights from Cheniere's 2024 Corporate Responsibility Report include having: Produced 11% of global liquefied natural gas ('LNG') in 2024, including 25% of the LNG imported by Europe Established a voluntary Scope 1 methane emissions intensity target of 0.03% across our two liquefaction facilities by 2027 Updated our life cycle assessment (LCA) methodology to include a novel gas-pathing algorithm, which improves the estimation of greenhouse gas (GHG) emissions across our supply chain Advanced our growth projects, including producing first LNG from Train 1 of our Corpus Christi Liquefaction Stage 3 expansion Achieved a 0.15 Total Reportable Incident Rate (TRIR), a top-quintile safety performance in the industry Contributed $5.8 million in direct giving and ~11,000 volunteer hours in support of our communities Visit the Our Responsibility section on to read the full report, past reports and accompanying materials. About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with a total combined production capacity of approximately 49 million tonnes per annum ('mtpa') of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. Forward-Looking Statements This press release contains certain statements that may include 'forward-looking statements' within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. 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. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements. Source: Cheniere Energy, Inc.
Yahoo
09-08-2025
- Business
- Yahoo
Cheniere Energy and JERA sign long-term LNG supply agreement
Cheniere Energy and JERA have finalised a long-term sale and purchase agreement (SPA) to acquire approximately one million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Cheniere Marketing on a free-on-board (FoB) basis from 2029 to 2050. Cheniere president and CEO Jack Fusco said: 'We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world. 'This SPA fortifies our long-standing relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner-burning LNG to JERA through 2050 under this new long-term agreement.' The pricing mechanism for the LNG is indexed to the Henry Hub benchmark, plus a fixed liquefaction fee. JERA global CEO and chair Yukio Kani said: 'JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. 'This long-term agreement with Cheniere – a global leader in LNG – supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the US and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability and sustainability of Japan and the broader region for decades to come.' Furthermore, Cheniere Energy reported a substantial increase in net income, with gains of approximately $746m and $597m for the three and six month periods ended 30 June 2025, respectively, compared to the same periods in 2024. These improvements were largely due to favourable variances in the fair value of derivative instruments, particularly those associated with the company's long-term integrated production marketing agreements. The company's consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) also saw an increase of around $94m and $193m for the three and six months ended 30 June 2025, respectively. This growth is attributed to higher total margins per million British thermal units of LNG delivered in 2025 compared to 2024. However, these gains were somewhat offset by increased operating expenses due to maintenance activities and new capacity from the CCL Stage 3 Project, as well as lower contributions from vessel charter portfolio optimisation. Share-based compensation expenses reported in net income were $49m and $105m for the three and six months ended 30 June 2025, respectively. These figures show a slight variation from the $52m and $92m incurred during the corresponding periods in 2024. 'The second quarter of 2025 marked another outstanding quarter for Cheniere, as our team demonstrated its ability to execute safely, reliably and strategically throughout our business, highlighted by the positive FID [final investment decision] of the CCL Midscale Trains 8 & 9 Project and the successful completion of our large-scale planned maintenance turnaround at Sabine Pass,' said Fusco. Additionally, Cheniere Energy Partners has disclosed the cost details for its senior notes set to mature in 2035, referred to as the CQP 2035 Notes. The notes come with an annual interest rate of 5.55% and are scheduled to reach maturity on 30 October 2035. The issuance of the CQP 2035 Notes will take place at 99.73% of their face value. "Cheniere Energy and JERA sign long-term LNG supply agreement" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
07-08-2025
- Business
- Yahoo
Cheniere's Q2 Earnings Soar by 85% as LNG Demand and Prices Rise
Cheniere Energy (NYSE: LNG), the biggest U.S. LNG exporter, booked an 85% higher net income for the second quarter from a year earlier amid strong demand for LNG and higher price margins of LNG cargoes delivered in 2025. Cheniere reported on Thursday a net income $1.63 billion for the second quarter, an 85% surge from the $880 million income for the same period last year. Total revenues jumped by 43% to $4.64 billion, of which $4.5 billion was LNG revenues. Cheniere also announced it achieved this month substantial completion of Train 2 of the Stage 3 expansion of the Corpus Christi LNG terminal near Corpus Christi, Texas. The expansion consist of seven midscale Trains with an expected total production capacity of over 10 mtpa of LNG, including approximately 3 mtpa in operation and more than 7 mtpa under construction, Cheniere said. 'For the remainder of the year, we are focused on growing our brownfield platform, bringing online new capacity at Corpus Christi ahead of schedule and on budget, and delivering results within our upwardly revised guidance ranges,' Cheniere's president and CEO Jack Fusco said. The top U.S. LNG exporter and other project developers of liquefied natural gas export facilities in the United States, the world's largest LNG exporter, have benefited from strong international LNG demand and a substantial reversal of domestic policies, which favor American oil and gas projects and exports under President Donald Trump. U.S. LNG exports have increased every year since 2016, rising from 0.5 Bcf/d in 2016 to 11.9 Bcf/d in 2024, making the United States the world's largest LNG exporter in 2023 and 2024. EIA expects U.S. LNG exports to continue growing, driven by the start-up of Plaquemines LNG, Corpus Christi LNG Stage 3, and Golden Pass LNG. U.S. LNG exporters are also expected to benefit from the pledges of the EU and other trade partners to buy more American energy as part of bilateral trade deals with the United States. By Michael Kern for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-08-2025
- Business
- Yahoo
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON, August 07, 2025--(BUSINESS WIRE)--Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE: LNG) and JERA Co., Inc. ("JERA") jointly announced today that Cheniere Marketing, LLC ("Cheniere Marketing") and JERA have entered into a long-term liquefied natural gas ("LNG") sale and purchase agreement ("SPA"). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ("mtpa") of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. "We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world," said Jack Fusco, Cheniere's President and Chief Executive Officer. "This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement." Yukio Kani, Global CEO and Chair of JERA adds, "JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come." About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. 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. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements. View source version on Contacts Cheniere Energy, Inc. Investors Randy Bhatia, 713-375-5479Frances Smith, 713-375-5753 Media Relations Randy Bhatia, 713-375-5479Bernardo Fallas, 713-375-5593 JERA Co., Inc. Media
Business Wire
07-08-2025
- Business
- Business Wire
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. ('Cheniere' or the 'Company') (NYSE: LNG) and JERA Co., Inc. ('JERA') jointly announced today that Cheniere Marketing, LLC ('Cheniere Marketing') and JERA have entered into a long-term liquefied natural gas ('LNG') sale and purchase agreement ('SPA'). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ('mtpa') of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. 'We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world,' said Jack Fusco, Cheniere's President and Chief Executive Officer. 'This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement.' Yukio Kani, Global CEO and Chair of JERA adds, 'JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come.' About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include 'forward-looking statements' within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. 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. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
