Cheniere Energy, Inc. a Delaware corporation, is a Houston-based energy company primarily engaged in LNG-related businesses. It owns and operates the Sabine Pass LNG receiving terminal in Louisiana through a 90.6% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE Amex Equities: CQP), which is a publicly traded partnership created in 2007. Cheniere also owns and operates the Creole Trail Pipeline, which interconnects the Sabine Pass LNG receiving terminal with downstream markets. A subsidiary, Cheniere Marketing, LLC, is marketing LNG and natural gas and developing a portfolio of contracts to monetize capacity at the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline.
Cheniere is also in various stages of developing other LNG receiving terminal and pipeline related projects, which, among other things, will require acceptable commercial arrangements before making a final investment decision. In addition to safely maintaining the operations of the Sabine Pass LNG receiving terminal and Creole Trail Pipeline, Cheniere’s primary business strategy is to monetize the 2.0 Bcf/d of regasification capacity at the Sabine Pass LNG receiving terminal held by Cheniere Marketing by entering into long-term TUAs, developing a portfolio of long-term, short-term and spot LNG purchase agreements, and entering into business relationships for the domestic marketing of natural gas that is imported by Cheniere Marketing as LNG to the Sabine Pass LNG receiving terminal. The strategy would be achieved by entering into long-term customer contracts in connection with the liquefaction project that is being developed by Cheniere Partners as the capacity fee under such contracts would include services for both liquefaction and regasification.
More information can be found on the company’s website: http://www.cheniere.com/default.shtml
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