BlackRock buys more Cheniere shares

US-based BlackRock, one of the world’s largest asset managers, has purchased more shares in compatriot LNG exporting giant Cheniere.

BlackRock had 21.4 million shares of Cheniere as of December 31, 2022, according to a stock exchange filing.

This represent 8.6 percent of Cheniere’s total shares, the filling said.

The giant asset manager previously reported it had 17.4 million Cheniere shares so this marks a 23 percent rise.

The price of Cheniere’s shares closed at $147.83 on Friday.

Cheniere has 1713 institutional owners and shareholders that have filed forms with the US Securities Exchange Commission (SEC) and, besides BlackRock, some of the largest shareholders include Vanguard Group and Blackstone.

The operator of the Sabine Pass and Corpus Christi liquefaction terminals is expecting its LNG production to rise to 45 million tonnes in 2023 despite planned maintenance.

Cheniere’s Sabine Pass plant in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February last year while the three-train Corpus Christi plant in Texas can produce about 15 mtpa of LNG.

The Corpus Christi plant is also currently undergoing an expansion to add about 10 mpta of capacity.

Most Popular

Samsung Heavy wins contract for Eni’s Coral Norte FLNG

South Korean shipbuilder Samsung Heavy has secured a preliminary contract for Eni's second FLNG project in Mozambique, Coral Norte (Coral North), according to shipbuilding sources.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

LNG Canada sends second cargo

Shell-led LNG Canada has shipped the second cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada. LNG Canada shareholder Petronas will deliver this shipment to Japan.

More News Like This

Cheniere’s Corpus Christi expansion project 85.4 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is 85.4 percent complete.

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

Cheniere takes FID on two more Corpus Christi LNG trains

US LNG exporting giant Cheniere has made a positive final investment decision to build two more midscale trains at its Corpus Christi LNG plant in Texas. The company has also issued full notice to proceed to Bechtel.

Japan’s Jera seals US LNG supply deals

Japan's power firm and LNG trader Jera has signed 20-year agreements to buy up to 5.5 million tonnes per year of LNG from the United States. The deals include an SPA with Commonwealth LNG and the previously announced SPA with NextDecade, as well as heads of agreements with Sempra Infrastructure and Cheniere.