Cheniere Establishes Methane Emissions Intensity Target for its Liquefaction Assets
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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