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Cheniere Energy Partners
Energy / Natural gas
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Overview
Cheniere Energy Partners is an energy company headquartered in Houston, Texas. It was founded in 2001 as a subsidiary of Cheniere Energy, Inc. and became a publicly traded company in 2007. The company operates the Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, which was the first LNG export facility in the lower 48 states.
History and operations
Cheniere Energy Partners was founded in 2001 as a subsidiary of Cheniere Energy, Inc. in order to develop, construct, and operate LNG receiving facilities in the United States. In 2006, the company received approval from the U.S. Federal Energy Regulatory Commission (FERC) to convert its Sabine Pass LNG terminal into an export facility. This marked the first such approval from the FERC in over 25 years.
In 2011, Cheniere Energy Partners entered into a 20-year agreement with BG Gulf Coast LNG, LLC (now known as Shell Energy North America) for the purchase of LNG from the Sabine Pass terminal. This was followed by a similar agreement with Total Gas & Power North America, Inc. in 2012. These long-term contracts have provided steady revenue for the company.
In 2016, the Sabine Pass terminal began commercial operations, becoming the first operational LNG export facility in the lower 48 states. Since then, the company has expanded its operations through the development of a second LNG export facility, the Corpus Christi LNG terminal in Texas. This terminal began commercial operations in 2018.
In addition to its LNG export activities, Cheniere Energy Partners also owns and operates a pipeline network that connects natural gas supplies to its LNG terminals. The company is continuously expanding and developing new natural gas infrastructure in order to increase its export capabilities.
Financial information
As of 2021, Cheniere Energy Partners has a market capitalization of over $19 billion. The company reported revenues of $11.1 billion in 2020, with a net income of $1.5 billion. Cheniere Energy Partners has consistently reported positive financial results, with revenues steadily increasing since its inception.
Leadership
The current CEO and President of Cheniere Energy Partners is Jack A. Fusco. Fusco has extensive experience in the energy industry, previously serving as the CEO of Calpine Corporation and as an executive at Give-and-Take Inc. and British Petroleum (BP). Fusco has been with Cheniere Energy Partners since 2015.
Environmental and social responsibility
Cheniere Energy Partners has made efforts to reduce the environmental impact of its operations. The company has implemented environmental safety measures and monitors air and water quality around its facilities. It also has initiatives to reduce greenhouse gas emissions and implement renewable energy projects.
Cheniere Energy Partners has also committed to supporting the communities in which it operates. The company has contributed to local charities and disaster relief efforts, and has implemented programs to create economic opportunities for local businesses. The company has also established partnerships with local schools to promote education in science, technology, engineering, and math (STEM) fields.
History and operations
Cheniere Energy Partners was founded in 2001 as a subsidiary of Cheniere Energy, Inc. in order to develop, construct, and operate LNG receiving facilities in the United States. In 2006, the company received approval from the U.S. Federal Energy Regulatory Commission (FERC) to convert its Sabine Pass LNG terminal into an export facility. This marked the first such approval from the FERC in over 25 years.
In 2011, Cheniere Energy Partners entered into a 20-year agreement with BG Gulf Coast LNG, LLC (now known as Shell Energy North America) for the purchase of LNG from the Sabine Pass terminal. This was followed by a similar agreement with Total Gas & Power North America, Inc. in 2012. These long-term contracts have provided steady revenue for the company.
In 2016, the Sabine Pass terminal began commercial operations, becoming the first operational LNG export facility in the lower 48 states. Since then, the company has expanded its operations through the development of a second LNG export facility, the Corpus Christi LNG terminal in Texas. This terminal began commercial operations in 2018.
In addition to its LNG export activities, Cheniere Energy Partners also owns and operates a pipeline network that connects natural gas supplies to its LNG terminals. The company is continuously expanding and developing new natural gas infrastructure in order to increase its export capabilities.
Financial information
As of 2021, Cheniere Energy Partners has a market capitalization of over $19 billion. The company reported revenues of $11.1 billion in 2020, with a net income of $1.5 billion. Cheniere Energy Partners has consistently reported positive financial results, with revenues steadily increasing since its inception.
Leadership
The current CEO and President of Cheniere Energy Partners is Jack A. Fusco. Fusco has extensive experience in the energy industry, previously serving as the CEO of Calpine Corporation and as an executive at Give-and-Take Inc. and British Petroleum (BP). Fusco has been with Cheniere Energy Partners since 2015.
Environmental and social responsibility
Cheniere Energy Partners has made efforts to reduce the environmental impact of its operations. The company has implemented environmental safety measures and monitors air and water quality around its facilities. It also has initiatives to reduce greenhouse gas emissions and implement renewable energy projects.
Cheniere Energy Partners has also committed to supporting the communities in which it operates. The company has contributed to local charities and disaster relief efforts, and has implemented programs to create economic opportunities for local businesses. The company has also established partnerships with local schools to promote education in science, technology, engineering, and math (STEM) fields.
What is special about the company?
1. Leader in LNG exports: Cheniere Energy Partners is the leading producer and exporter of liquefied natural gas (LNG) in the United States. It has a strong presence in both domestic and international markets.
2. Integrated business model: The company's integrated business model includes the entire process of LNG production, from natural gas sourcing and liquefaction to storage, shipping, and marketing.
3. Strategic location: Cheniere Energy Partners' liquefaction facilities are located near major natural gas production basins, giving it a competitive advantage in terms of access to feedstock and reduced logistics costs.
4. Long-term contracts: The company has long-term contracts with major international customers, providing stable and predictable cash flow for its operations.
5. Diversified customer base: Cheniere Energy Partners has a diverse customer base, including major energy companies, governments, and state-owned entities, reducing its reliance on any single customer.
6. Financial strength: The company has a strong financial position, with a stable credit rating and access to capital markets, allowing it to fund its growth strategies and withstand market volatility.
7. Commitment to sustainability: Cheniere Energy Partners is committed to sustainability and has implemented initiatives to reduce greenhouse gas emissions, invest in renewable energy, and promote safety and environmental responsibility.
8. Experienced management team: The company's management team has extensive experience in the energy industry, particularly in the LNG sector, enabling it to navigate the complex market dynamics.
9. Potential for growth: With the increasing demand for LNG globally, Cheniere Energy Partners is well-positioned to capitalize on this growth opportunity and expand its operations in the future.
10. Strong shareholder support: The company is backed by strong shareholder support from its parent company, Cheniere Energy, and other major investors, providing stability and confidence to its operations.
2. Integrated business model: The company's integrated business model includes the entire process of LNG production, from natural gas sourcing and liquefaction to storage, shipping, and marketing.
3. Strategic location: Cheniere Energy Partners' liquefaction facilities are located near major natural gas production basins, giving it a competitive advantage in terms of access to feedstock and reduced logistics costs.
4. Long-term contracts: The company has long-term contracts with major international customers, providing stable and predictable cash flow for its operations.
5. Diversified customer base: Cheniere Energy Partners has a diverse customer base, including major energy companies, governments, and state-owned entities, reducing its reliance on any single customer.
6. Financial strength: The company has a strong financial position, with a stable credit rating and access to capital markets, allowing it to fund its growth strategies and withstand market volatility.
7. Commitment to sustainability: Cheniere Energy Partners is committed to sustainability and has implemented initiatives to reduce greenhouse gas emissions, invest in renewable energy, and promote safety and environmental responsibility.
8. Experienced management team: The company's management team has extensive experience in the energy industry, particularly in the LNG sector, enabling it to navigate the complex market dynamics.
9. Potential for growth: With the increasing demand for LNG globally, Cheniere Energy Partners is well-positioned to capitalize on this growth opportunity and expand its operations in the future.
10. Strong shareholder support: The company is backed by strong shareholder support from its parent company, Cheniere Energy, and other major investors, providing stability and confidence to its operations.
What the company's business model?
Cheniere Energy Partners, a subsidiary of Cheniere Energy, is a company that primarily operates liquefied natural gas (LNG) facilities. Their business model is centered around the development, construction, and operation of natural gas liquefaction facilities, which take natural gas and cool it to a liquid state for easier transportation and storage.
They also provide services such as sourcing natural gas supply, storing and transporting LNG, and managing the logistics of delivering LNG to customers around the world. Cheniere Energy Partners also has long-term contracts with customers to supply them with LNG, providing a stable source of revenue.
Their business model is heavily focused on the rapidly growing global demand for natural gas and LNG, as well as the company's commitment to sustainability and reducing greenhouse gas emissions. They aim to be a leader in the LNG industry, providing reliable and cost-effective energy solutions while maintaining a strong environmental record.
They also provide services such as sourcing natural gas supply, storing and transporting LNG, and managing the logistics of delivering LNG to customers around the world. Cheniere Energy Partners also has long-term contracts with customers to supply them with LNG, providing a stable source of revenue.
Their business model is heavily focused on the rapidly growing global demand for natural gas and LNG, as well as the company's commitment to sustainability and reducing greenhouse gas emissions. They aim to be a leader in the LNG industry, providing reliable and cost-effective energy solutions while maintaining a strong environmental record.
Interesting facts about the company
include that the company was founded in 1983, is headquartered in Houston, Texas, and operates primarily in the energy industry. The company specializes in liquefied natural gas (LNG) production and terminals for importing and exporting LNG. It was the first company in the United States to receive a federal permit to export domestic natural gas in the form of LNG. The company also owns and operates the Sabine Pass LNG terminal in Louisiana, which is one of the largest LNG import and export terminals in the world.
Additionally, Cheniere Energy Partners is a subsidiary of Cheniere Energy, Inc., which is a publicly-traded company on the New York Stock Exchange. The company has faced controversy and legal battles over its plans to build additional LNG terminals, including disputes with local communities and environmental groups. However, it has also received recognition and awards for its commitment to environmental and safety practices in the LNG industry. As of 2021, the company has a market cap of over $11 billion and has plans to expand its LNG terminal operations with new facilities in Texas and Louisiana.
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Additionally, Cheniere Energy Partners is a subsidiary of Cheniere Energy, Inc., which is a publicly-traded company on the New York Stock Exchange. The company has faced controversy and legal battles over its plans to build additional LNG terminals, including disputes with local communities and environmental groups. However, it has also received recognition and awards for its commitment to environmental and safety practices in the LNG industry. As of 2021, the company has a market cap of over $11 billion and has plans to expand its LNG terminal operations with new facilities in Texas and Louisiana.
See Company Due Diligence:
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