Cheniere Energy Celebrates 1000th LNG Cargo Milestone
January 27 2020 - 4:14PM
Business Wire
Accomplishment achieved faster than any other
producer in the world; 100th cargo at Corpus Christi facility also
exported
Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE
American: LNG) announced today that it has produced and exported
its 1000th cargo of liquefied natural gas (LNG). The 1000th cargo
was exported within a four-year time period after startup, setting
an industry record and making Cheniere the fastest producer in the
world to reach this milestone. Cheniere has produced these 1,000
cargoes from both the Sabine Pass Liquefaction Project (“SPL
Project”) and the Corpus Christi Liquefaction Project (“CCL
Project”).
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Cheniere's 1000th cargo on the vessel
Hoegh Galleon (Photo: Business Wire)
“Reaching 1,000 cargoes of LNG faster than any producer in
history is a testament to the performance of our people and the
culture of our company. Our focus on reliability and safety through
the entire LNG production process enabled us to reach this
milestone, while fulfilling our commitments to our foundation
customers,” said Jack Fusco, Cheniere’s President and CEO.
“Cheniere will continue to focus on operational excellence to help
meet growing demand for reliable, flexible, and cleaner sources of
energy around the world. This achievement would not be possible
without the dedication and diligence of Cheniere’s employees, our
partners and customers, and we look forward to celebrating cargo
10,000.”
Cheniere’s 1000th cargo departed on the vessel Hoegh Galleon on
January 26, 2020 from Cheniere’s CCL Project. Cheniere also
celebrated the 100th cargo produced at the CCL Project, which
departed on the vessel Yari LNG on January 13, 2020.
The SPL Project consists of six natural gas liquefaction trains,
five of which are fully operational and one is under construction.
The CCL Project, located in south Texas, consists of three trains,
two of which are fully operational and one is under construction
and expected to be operational in 2021. Adjacent to the CCL
Project, Cheniere is developing and commercializing its Stage 3
expansion, which recently received federal regulatory
authorization.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of
liquefied natural gas (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 expected
adjusted aggregate nominal production capacity of up to 45 million
tonnes per annum of LNG operating or under construction. 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, and Washington, D.C.
For additional information, please refer to the Cheniere website
at www.cheniere.com and Quarterly Report on Form 10-Q for the
quarter ended September 30, 2019, 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
expectations regarding regulatory authorizations and approvals,
(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, and (vii)
statements relating to the amount and timing of share repurchases.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200127005688/en/
Cheniere Energy, Inc. Investors Randy Bhatia, 713-375-5479 Megan
Light, 713-375-5492 or Media Relations Eben Burnham-Snyder,
713-375-5764 Jenna Palfrey, 713-375-5491
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