Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE American: LNG) announced today that it has produced and exported its 1000 th cargo of liquefied natural gas (LNG). The 1000 th 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").
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200127005688/en/
"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 1000 th cargo departed on the vessel Hoegh Galleon on January 26, 2020 from Cheniere's CCL Project. Cheniere also celebrated the 100 th 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.
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.
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.
View source version on businesswire.com: <a xmlns="" href="https://www.businesswire.com/news/home/20200127005688/en/" target="_new" rel="nofollow">https://www.businesswire.com/news/home/20200127005688/en/</a>