Cheniere Energy
# Cheniere Energy

Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas. In February 2016 it became the first American company to export liquefied natural gas. As of 2018 it is a Fortune 500 company.

## Company history

Initially an oil-and-gas exploration company, the company shifted its focus in the early 2000s to developing liquified natural gas regas terminals, beginning with a terminal in Sabine Pass, Louisiana in March 2005. The company faltered in the late 2000s as LNG imports dried up due to international competition. In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor Carl Icahn.

In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets under its newly appointed CEO, Jack Fusco (former President and CEO of Calpine).

Cheniere published its second annual corporate responsibility report in June 2021 . Cheniere says it is taking innovative steps towards quantifying, monitoring, reporting and verifying data in partnership with producers and institutions in an effort to find opportunities to lower emissions.

In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply liquefied natural gas for 25 years in a contract worth approximately US$25b. Deliveries to Taiwan are set to begin in 2021.

The company spends $800 million USD annually in pipeline transit fees to supply its expanding export facilities and is interested in constructing its own pipelines to access other pipelines and gas production fields.

