Predict your next investment

Cheniere Energy company logo
ENERGY & UTILITIES | Natural Gas Utilities
cheniere.com

See what CB Insights has to offer

Founded Year

1983

About Cheniere Energy

Cheniere Energy is an international energy company, headquartered in Houston, Texas, and is the leading producer of liquefied natural gas in the United States. The company provides clean, secure, and affordable energy to the world, while responsibly delivering a reliable, competitive, and integrated source of LNG, in a safe and rewarding work environment. Cheniere's operations, construction, and development, also, support energy and economic development across the United States.

Cheniere Energy Headquarter Location

700 Milam Street Suite 1900

Houston, Texas, 77002,

United States

+1 713 375 5000

Latest Cheniere Energy News

U.S. natgas eases on forecasts for mild weather through late October

Oct 13, 2021

Author of the article: remain milder than normal through the end of October. We apologize, but this video has failed to load. Try refreshing your browser, or U.S. natgas eases on forecasts for mild weather through late October Back to video Traders noted prices were down despite a decline in output over the past couple of days, forecasts for higher heating use over the next two weeks than previously expected, and a 6% increase in gas prices in Europe. Demand for U.S. liquefied natural gas (LNG) exports will remain strong so long as gas prices in Europe and Asia stay much higher than in the United States. Prices in Europe and Asia were trading about six times higher Advertisement Article content than in the United States due to extremely low gas stockpiles in Europe and insatiable demand for the fuel in Asia. While utilities in Europe scramble to fill gas inventories before the winter heating season and governments seek ways to control soaring prices, the situation in the United States is much calmer. Yes, energy prices are near multi-year highs and gas stockpiles are about 5% below normal, but there is a growing belief in the market that the United States will have more than enough fuel for the winter. Analysts expect U.S. gas inventories will top 3.5 trillion cubic feet (tcf) by the start of the winter heating season in November, which they said would be a comfortable level even though it falls short of the 3.7 Advertisement Article content tcf five-year average. In Europe, analysts say stockpiles are about 15% below normal for this time of year. Front-month gas futures fell 2.9 cents, or 0.5%, to $5.476 per million British thermal units (mmBtu) at 8:00 a.m. EDT (1200 GMT). Data provider Refinitiv said gas output in the U.S. Lower 48 states rose to an average of 92.1 billion cubic feet per day (bcfd) so far in October from 91.1 bcfd in September. That compares with a monthly record of 95.4 bcfd in November 2019. Over the past couple of days, however, daily output fell to a near four-week low of 90.3 bcfd on lower production in the Haynesville and Permian shale basins. Refinitiv projected average U.S. gas demand, including exports, would rise from 84.8 bcfd this week to Advertisement Article content 85.6 bcfd next week as the weather turns seasonally cooler and more homes and businesses turn on their heaters. Those forecasts were higher than Refinitiv expected on Tuesday. With gas prices near $31 per mmBtu in Europe and $33 in Asia, versus just over $5 in the United States, traders said buyers around the world will keep purchasing all the LNG the United States could produce. Refinitiv said the amount of gas flowing to U.S. LNG export plants slipped from an average of 10.4 bcfd in September to 10.2 bcfd so far in October due to short-term work at some Gulf Coast plants and earlier maintenance at Berkshire Hathaway Energy’s Cove Point LNG export plant in Maryland. With the return of Cove Point on Tuesday, LNG feedgas, however, rose to a one-month high of 11.1 bcfd on Advertisement Article content Wednesday. But no matter how high global prices rise, the United States only has capacity to turn about 10.5 bcfd of gas into LNG. Global markets will have to wait until later this year to get more from the United States when the sixth liquefaction train at Cheniere Energy Inc’s Sabine Pass and Venture Global Log’s Calcasieu Pass in Louisiana are expected to start producing LNG in test mode. The amount of gas the export plants pull in from pipelines can exceed the amount of gas they can turn into LNG because the facilities use some of the gas to fuel their operations. Week ended Week ended Year ago Five-year Oct 8 Oct 1 Oct 8 average (Forecast) (Actual) Oct 8 U.S. total natgas in storage (bcf): 3,383 3,288 3,870 3,543 Advertisement Article content U.S. Imports from Canada 7.4 7.2 7.4 6.6 7.5 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.1 Total U.S. Supply 99.4 99.6 100.1 93.6 90.7 U.S. Demand (bcfd) U.S. Exports to Mexico 5.6 5.7 5.7 6.2 5.0 U.S. LNG Exports 9.9 10.7 11.0 7.2 3.7 U.S. Commercial 5.0 5.3 6.3 6.1 6.8 U.S. Residential 4.3 5.0 6.8 6.3 7.2 U.S. Power Plant 32.0 28.5 25.5 30.6 27.7 U.S. Industrial 20.6 20.7 21.3 22.2 21.6 U.S. Plant Fuel 4.5 4.6 4.6 4.6 4.5 U.S. Pipe Distribution 1.8 1.8 1.8 1.8 1.7 U.S. Vehicle Fuel 0.1 0.1 0.1 0.1 0.1 Total U.S. Consumption 68.4 66.0 66.4 71.7 69.6 Total U.S. Demand 86.1 84.8 85.6 87.3 80.3 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Cheniere Energy Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Cheniere Energy Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.