Last $73.40 USD
Change Today -1.06 / -1.42%
Volume 1.5M
LNG On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

700 Milam Street

Suite 800

Houston, TX 77002

United States

Phone: 713-375-5000

Fax: 713-375-6000

Cheniere Energy, Inc., an energy company, primarily engages in liquefied natural gas (LNG)-related businesses. Segments The company’s business activities are conducted by two segments, LNG terminal business; and LNG and natural gas marketing business. LNG Terminal Business The company focuses its development activities on three LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana; the Corpus Christi LNG terminal near Corpus Christi, Texas; and the Creole Trail LNG terminal at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana. The company operates regasification facilities at the Sabine Pass LNG terminal, and is in the process of developing and constructing the Sabine Pass Liquefaction Project, which is owned through Cheniere Energy Partners, L.P. (Cheniere Partners). It owns 100% of the general partner interest in Cheniere Partners and 84.5% of Cheniere Energy Partners LP Holdings, LLC, which owns a 55.9% limited partner interest in Cheniere Partners. The company owns 100% interests in both the Corpus Christi and Creole Trail LNG terminal projects. Sabine Pass LNG Terminal: The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than 4 miles from the Gulf Coast. The Sabine Pass LNG terminal has regasification facilities owned by Cheniere Partners' wholly owned subsidiary, Sabine Pass LNG, L.P. (Sabine Pass LNG) that includes existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent, two docks that can accommodate vessels with capacity of up to 265,000 cubic meters and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day. Cheniere Partners also owns the 94-mile Creole Trail Pipeline through a wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P., which interconnects the Sabine Pass LNG terminal with large interstate pipelines. LNG and Natural Gas Marketing Business The company’s wholly owned subsidiary, Cheniere Marketing, LLC (Cheniere Marketing), is engaged in the LNG and natural gas marketing business. Cheniere Marketing has purchased, transported, and unloaded commercial LNG cargoes into the Sabine Pass LNG terminal and has used trading strategies intended to maximize margins on these cargoes. Cheniere Marketing has secured the following rights and obligations to support its business: the right to deliver cargoes to the Sabine Pass LNG terminal during the construction of the Sabine Pass Liquefaction Project in exchange for payment of 80% of the expected gross margin from each cargo to Cheniere Energy Investments, LLC, a wholly owned subsidiary of Cheniere Partners; the Cheniere Marketing SPA (sale and purchase agreement), with the right to purchase, at Cheniere Marketing's option, up to 104,000,000 MMBtu/yr (million British thermal units per year) of LNG from Sabine Pass Liquefaction; and three LNG vessel time charters with subsidiaries of two ship owners, Dynagas, Ltd. and Teekay LNG Operating LLC. Business Strategy The company’s primary business strategy is to identify markets where growth is constrained by lack of infrastructure and in those markets develop, construct, and operate assets supported by long-term, fixed fee contracts. It plans to implement its strategy by: completing construction and commencing operation of Sabine Pass Liquefaction's Trains; developing and operating Sabine Pass Liquefaction's Trains safely; making LNG available to long-term SPA customers to generate steady and reliable revenues and operating cash flows; safely maintaining and operating the Sabine Pass LNG terminal and the Creole Trail Pipeline; utilizing capacity at the Sabine Pass LNG terminal for short-term and spot LNG purchases and sales until such capacity is used in connection with the Sabine Pass Liquefaction Project; developing business relationships for the marketing of additional long-term and short-term agreements for the Corpus Christi Liquefaction Project and additional LNG volumes at the Sabine Pass LNG terminal, and for long-term and short-term contracts for potential future projects at other sites; obtaining the requisite regulatory permits, long-term commercial contracts and financing to reach a final investment decision regarding the Corpus Christi Liquefaction Project; and optimizing capital structure to finance the construction and operation of the facilities needed to serve customers. Customers The company’s customers include BG Gulf Coast LNG, LLC; Gas Natural Aprovisionamientos SDG S.A.; Korea Gas Corporation; GAIL (India) Limited; Total Gas & Power North America, Inc.; and Centrica plc. Regulations In order to site and construct the company’s LNG terminals, it needs to obtain and maintain authorizations from the Federal Energy Regulatory Commission (FERC) under Section 3 of the Natural Gas Act of 1938, as amended (NGA). The FERC's approval under Section 3 of the NGA, as well as several other material governmental and regulatory approvals and permits, are required in order to site, construct and operate liquefaction facilities. History Cheniere Energy, Inc. was founded in 1983.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LNG:US $73.40 USD -1.06

LNG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cheniere Energy Partners LP $31.35 USD -0.34
Petronas Gas Bhd 23.50 MYR -0.10
Santos Ltd A$14.51 AUD +0.06
Sempra Energy $101.41 USD -1.54
Woodside Petroleum Ltd A$42.41 AUD -0.47
View Industry Companies
 

Industry Analysis

LNG

Industry Average

Valuation LNG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 61.8x
Price/Book 143.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 28.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHENIERE ENERGY INC, please visit www.cheniere.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.