Cheniere Establishes Methane Emissions Intensity Target for its Liquefaction Assets
31 October 2024 - 7:30AM
Business Wire
Measurement-informed Scope 1 target builds upon
Cheniere's climate strategy
Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG)
today announced it has set a voluntary, measurement-informed Scope
1 annual methane intensity target for its liquefaction facilities.
The Scope 1 methane target builds upon the Company’s robust climate
strategy and leverages data from its multi-scale emissions
measurement and mitigation programs. The methane target is
consistent with the requirements to achieve Gold Standard under
Cheniere’s membership in the United Nations Environment Programme’s
(UNEP) Oil & Gas Methane Partnership (OGMP) 2.0.
Cheniere aims to consistently maintain a Scope 1 annual methane
emissions intensity of 0.03% per tonne of liquefied natural gas
(LNG) produced across its two U.S. Gulf Coast liquefaction
facilities by 2027. Using measured emissions data to inform methane
targets represents an important element in Cheniere’s strategy and
moves the industry forward in its climate performance.
Cheniere’s Quantification, Monitoring, Reporting and
Verification (QMRV) projects — including data from approximately 50
aerial measurements of the Company’s operations at its liquefaction
facilities performed over a 16-month period — informed the process
of establishing the methane target.
“Cheniere’s LNG plays a critical role in meeting the world’s
growing need for secure and reliable energy, while supporting the
transition to a lower-carbon future,” said Jack Fusco, Cheniere’s
President and Chief Executive Officer. “Our methane emissions
intensity target reflects our commitment to leverage
measurement-informed emissions data to improve the climate
competitiveness of our LNG and ensure the long-term resilience of
our business.”
In addition, Cheniere has updated its peer-reviewed LNG life
cycle assessment (LCA), originally published in 2021. The new study
has been accepted by a top-tier academic journal and is expected to
be published soon. The updated LCA finds that in all cases the
supply-chain specific GHG emissions intensity of Cheniere’s LNG is
lower than those presented in the U.S. Department of Energy’s
National Energy Technology Laboratory (NETL) 2019 study.
Cheniere’s broader climate strategy focuses on a data- and
science-based approach to identifying potential emissions reduction
opportunities. The Company collaborates with suppliers throughout
the LNG value chain, scientific experts, leading academic
institutions and customers to inform, understand and improve the
characterization of emissions performance and identify potential
mitigation measures across the supply chain.
For more information on Cheniere’s Climate and Sustainability
strategy and initiatives, visit
cheniere.com/our-responsibility/climate
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of
liquefied natural gas (“LNG”) in the United States, reliably
providing a clean, secure, and affordable solution to the growing
global need for natural gas. Cheniere is a full-service LNG
provider, with capabilities that include gas procurement and
transportation, liquefaction, vessel chartering, and LNG delivery.
Cheniere has one of the largest liquefaction platforms in the
world, consisting of the Sabine Pass liquefaction facility,
wholly-owned by its subsidiary Cheniere Energy Partners, L.P.
(NYSE: CQP), and the Corpus Christi liquefaction facility, each on
the U.S. Gulf Coast with total combined production capacity of
approximately 45 million tonnes per annum (“mtpa”) of LNG in
operation and an additional 10+ mtpa of expected production
capacity under construction. Cheniere is also pursuing liquefaction
expansion opportunities and other projects along the LNG value
chain. Cheniere is headquartered in Houston, Texas, and has
additional offices in London, Singapore, Beijing, Tokyo, and
Washington, D.C.
For additional information, please refer to the Cheniere website
at www.cheniere.com and Quarterly Report on Form 10-Q for the
quarter ended June 30, 2024, filed with the Securities and Exchange
Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements” within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere’s financial and operational guidance, business strategy,
plans and objectives, including the development, construction and
operation of liquefaction facilities, (ii) statements regarding
regulatory authorization and approval expectations, (iii)
statements expressing beliefs and expectations regarding the
development of Cheniere’s LNG terminal and pipeline businesses,
including liquefaction facilities, (iv) statements regarding the
business operations and prospects of third-parties, (v) statements
regarding potential financing arrangements, (vi) statements
regarding future discussions and entry into contracts, (vii)
statements relating to Cheniere’s capital deployment, including
intent, ability, extent, and timing of capital expenditures, debt
repayment, dividends, share repurchases and execution on the
capital allocation plan and (viii) statements relating to our
goals, commitments and strategies in relation to environmental
matters. Although Cheniere believes that the expectations reflected
in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere’s actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere’s periodic reports that are filed with and
available from the Securities and Exchange Commission. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Other than as
required under the securities laws, Cheniere does not assume a duty
to update these forward-looking statements.
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Cheniere Energy, Inc. Investors
Randy Bhatia, 713-375-5479 Frances Smith, 713-375-5753
Media Relations Eben
Burnham-Snyder, 713-375-5764 Bernardo Fallas, 713-375-5593
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