Despite the deep plunge in demand for U.S. LNG exports, Cheniere Energy has attracted a deep-pocketed shareholder with all eyes fixed on a looming recovery. Abu Dhabi Investment Authority this week snatched up a 5.1% stake in Cheniere valued at $615 million, making it the company’s third-largest investor right behind Icahn Associates Holding with 8.25%, or nearly 21 million shares. This comes as a grand and welcomed demonstration of optimism for the nation’s LNG export industry after falling off a cliff in the Spring and Summer with decreased production more than half its all-time high of 9.8 BCFD in late March. But according to the EIA, U.S. LNG exports are poised for a big bounce by late November and return to pre-COVID levels averaging more than 9 BCFD from December through at least next February. Cheniere is the nation’s largest LNG producer and second largest in the world, with terminals in Cameron Parish, La., and Corpus Christi, Texas, that output more than 22.5 million tons of LNG each year.
Cheniere Energy, Inc. is a liquefied natural gas company headquartered in Houston, Texas. In February 2016 it became the first US company to export liquefied natural gas. As of 2018 it is a Fortune 500 company.