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US LNG exporting giant Cheniere Energy and Cheniere Energy Partners have each been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American.
The common stock of Cheniere and the common units of Cheniere Partners will cease trading on the NYSE American after market close on February 2, and will start trading on the NYSE effective at the opening of trading on February 5.
Moreover, Cheniere and Cheniere Partners will continue to trade under the symbols “LNG” and “CQP” respectively, according to a statement by Cheniere.
“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,” Zach Davis, Cheniere’s executive VP and CFO, said.
“We look forward to furthering that success as part of the NYSE family with our uplisting to NYSE,” he said.
Cheniere, the largest LNG exporter in the US, owns the Sabine Pass LNG export terminal in Louisiana and the Corpus Christi plant in Texas.
Sabine Pass currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, while Cheniere’s three-train Corpus Christi plant in Texas can produce about 15 mtpa of LNG and is undergoing expansion to add more than 10 mtpa of capacity.
Cheniere also aims to build two new liquefaction trains as part of the Sabine Pass Stage 5 expansion project to add up to 20 mtpa of capacity to the giant facility.
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