Cheniere Energy’s CEO on the Global Gas Bonanza
The Cheniere Energy LNG terminal in Sabine Pass, La.
Photographer: F. Carter Smith/Bloomberg
Naureen Malik: What sets Cheniere apart from other companies that liquefy natural gas?
Jack Fusco: The beauty of the Cheniere model vs. just about any other LNG facility under construction today in the U.S. is that we are a full-service model. So if you are a utility and not a big conglomerate and you really don’t want to worry about procuring gas in America and shipping it to your facility, you come to Cheniere and we’ll deliver. If you want it delivered by ship to your [regasification] terminal in Asia, we are happy to do that. If you want it f.o.b. Louisiana, we are happy to do that.
What will drive LNG demand growth next year?
What I see with Asia, whether it’s India, China, or Taiwan, or South Korea, or Vietnam, is we could easily double the size of the company. It could be a phenomenal shift. In China alone, it’s more than 45 percent year over year in LNG demand growth, and no one anticipated that level of growth.