Cheniere Energy (LNG) and a company under its business umbrella have met the requirements of uplisting for the New York Stock Exchange, the company announced Jan. 31.
Cheniere and Cheniere Energy Partners (CQP), a publicly traded Delaware limited partnership formed by Cheniere, will cease trading on the NYSE American after the market closes on Feb. 2, and begin trading on the NYSE at the market open on Feb. 5. The companies will keep the same symbols, LNG and CQP, as they used on NYSE American.
Cheniere is a global company specializing in LNG production and is the largest LNG producer in the U.S. Cheniere Energy Partners owns the Sabine Pass LNG terminal in Cameron Parish, Louisiana, which has a total production capacity of about 30 million tonnes per annum of LNG.
“Cheniere has been listed on the NYSE American or its predecessors for over two decades, and we thank the NYSE American for the many years of cooperation and being a key part of the Cheniere success story," said Zach Davis, Cheniere's executive vice president and CFO. "We look forward to furthering that success as part of the NYSE family with our uplisting to NYSE.”
Recommended Reading
‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals
2024-03-26 - A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.
As ONEOK Digests Magellan, Sets Stage for More NGL Growth in 2024
2024-02-28 - ONEOK is continuing the integration of its newly acquired Magellan assets in 2024 as the company keeps an eye out for M&A opportunities and awaits regulatory approvals for certain projects.
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
2024-03-11 - EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
2024-04-10 - Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.