Oilfield services provider Baker Hughes (BKR) has reached a deal to acquire liquified natural gas equipment manufacturer Chart Industries (GTLS) in an all-cash deal worth $13.6 billion.
Key Points in This Article: The U.S.
US liquefied natural gas (LNG) producers were boosted on Monday by a new trade agreement between the European Union and the US, under which the EU has pledged to purchase $750 billion of US energy products. The EU will spend $250 billion per year over the next three years on energy products, including LNG, as it seeks to reduce its dependence on Russian gas.
Oil & Gas Midstream Industry | Energy Sector | Jack A. Fusco CEO | XHAN Exchange | US16411R2085 ISIN |
US Country | 1,714 Employees | 21 Feb 2025 Last Dividend | 25 Apr 2005 Last Split | - IPO Date |
Cheniere Energy, Inc. is a prominent energy infrastructure entity primarily focusing on the liquefied natural gas (LNG) sector, with its major operations centered in the United States. The company is renowned for owning and operating key LNG terminals such as the Sabine Pass in Louisiana and the Corpus Christi terminal in Texas. With its incorporation in 1983 and headquarters located in Houston, Texas, Cheniere Energy stands as a pivotal player in the LNG and natural gas market, contributing significantly to the energy sector by facilitating natural gas liquefaction and exportation through its strategically positioned terminals and pipelines.
This terminal, situated in Cameron Parish, Louisiana, operates as a critical hub for LNG exportation. It marks Cheniere's presence in the LNG sector, showcasing its capacity to liquefy natural gas and distribute it globally, playing a vital role in meeting energy demands.
Located near Corpus Christi, Texas, this terminal is integral to Cheniere's operations, mirroring the Sabine Pass facility's functionality but with a strategic position that enhances the company's ability to serve southern Texas and international markets. This facility further solidifies Cheniere's footprint in the LNG exportation landscape.
A 94-mile natural gas supply pipeline that plays a pivotal role in connecting the Sabine Pass LNG Terminal to various interstate and intrastate pipelines. This essential infrastructure facilitates the efficient transportation of natural gas, crucial for the liquefaction process and subsequent export.
This 21.5-mile pipeline is vital for linking the Corpus Christi LNG terminal with a broad network of interstate and intrastate natural gas pipelines. Its operation is key to ensuring steady gas supplies to the Corpus Christi terminal, thus supporting the company's LNG processing and export activities.
Cheniere is not only involved in the physical handling and export of LNG but also takes an active role in the marketing aspect of both LNG and natural gas. This business segment is critical for optimizing the sales and distribution of its LNG products, aligning with global market demands and maximizing profitability.