LNG Production Operations at Sabine Pass Continue, Initial Evaluation of Corpus Christi Construction Site Shows Only Minor Cosmetic Impacts
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today provided updates on company operations resulting from Hurricane Harvey, and announced that it will make a $1 million donation to the American Red Cross to assist in the relief and recovery efforts following the storm.
“Our thoughts and prayers are with all of our neighbors and communities here in Texas and Louisiana that have been impacted by this devastating and continuing storm,” said Jack Fusco, President and CEO of Cheniere. “While Cheniere has been lucky to avoid any major impacts from Harvey, many in our communities have a long road ahead to assess the damage and recover from this storm. To help in the relief efforts, Cheniere will donate $1 million to the Red Cross Harvey relief efforts.”
Cheniere conducted initial assessments of impact from Hurricane Harvey. At Sabine Pass, LNG production operations continued through the storm. Early assessments of the Corpus Christi construction site by Cheniere and our EPC partner Bechtel showed only minor cosmetic impacts. Cheniere is currently working to contact all employees to ensure they are safe and assess their needs.
“Now that the storm has passed through our Corpus Christi construction site, we are pleased to report that Corpus Christi saw no major impacts, and no interruption of LNG production at Sabine Pass has been experienced,” said Fusco. “Moving forward, Cheniere will focus on helping our hometown of Houston recover and the communities around Corpus Christi rebuild.”
As the storm is expected to continue to impact the Houston area, Cheniere has activated its emergency office location in Dallas to support its gas supply and trading division and other essential functions to ensure obligations are met to continue producing LNG at Sabine Pass.
Cheniere’s severe weather and safety teams remain activated and continue to monitor the remnants of Hurricane Harvey.
About Cheniere: Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana. Directly and through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing, constructing, and operating liquefaction projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal, respectively. Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business.
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, 2017, filed with the Securities and Exchange Commission.
