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Cheniere (LNG) Delivers Non-Carbon LNG Cargo From Louisiana Facility

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Cheniere Energy Inc. LNG announced that it delivered a carbon-neutral cargo of liquefied natural gas (“LNG”) to Royal Dutch Shell Plc RDS.A from its Sabine Pass Liquefaction facility in Cameron Parish, LA.

The Sabine Pass liquefaction and export facility, which is owned and operated by Cheniere Energy, is the first of its kind to export cost-effective and ample U.S. shale gas to overseas markets.

The delivery was made as part of the companies’ long-term LNG Sale and Purchase Agreement, which involves off-setting of greenhouse gas emissions associated with the LNG cargo to help customers achieve their sustainability goals. The carbon-neutral cargo was delivered to Europe at the beginning of April.

Both companies plan to retire nature-based offsets to address the estimated carbon dioxide (CO2) emissions produced from the entire value chain from production to ultimate use by consumers. Notably, consumers are progressively paying a premium to neutralize emissions from wellheads through consumption.

The environmental offsets used were purchased from Shell’s global portfolio of nature-based projects.  The nature-based projects protect, change or rebuild the land, and allow nature to add oxygen and absorb CO2 emissions from the atmosphere. Importantly, each carbon offset indicates the prevention or removal of 1 ton of CO2 emissions in accordance with a third-party verification process.

Through the transaction, Cheniere and Shell will ensure that the CO2 emissions associated with the production, delivery and use of the fuel have been removed from the atmosphere through nature-based processes. The collaboration will enhance the environmental performance and maximize the climatic benefits of Cheniere’s LNG.

Company Profile

Headquartered in Houston, TX, Cheniere Energy is an exploration and production company, which is primarily engaged in businesses related to LNG.

Zacks Rank & Other Stocks to Consider

The company currently carries a Zack Rank #2 (Buy).

Some other top-ranked players in the energy space are Oceaneering International, Inc. OII and TOTAL SE TOT, each currently carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Oceaneering’s earnings for 2021 are expected to surge 925% year over year.

TOTAL’s earnings for 2021 are expected to increase 11.5% year over year.

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TOTAL SE (TOT) : Free Stock Analysis Report
Oceaneering International, Inc. (OII) : Free Stock Analysis Report
Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report
Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report
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