Cheniere Energy Announces Senior Management Appointment
HOUSTON, March 31, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that Anatol Feygin has joined the company as Senior Vice President, Strategy and Corporate Development.
Mr. Feygin joins Cheniere after seven years at Loews Corporation, where he served as Vice President, Energy Strategist and Senior Portfolio Manager. In these roles, he developed forecasts for Loews' three energy platforms (upstream, midstream and services), identifying risks and making capital allocation decisions. In addition, Mr. Feygin evaluated new investment opportunities in energy and energy intensive industries and created, implemented and executed hedging strategies for Loews' Exploration and Production business and Loews Hotels generating more than $1 billion in hedging gains.
"We welcome Anatol Feygin to our senior management team at Cheniere." said Charif Souki, Chairman and CEO. "Anatol's deep knowledge of the energy industry makes him a tremendous asset to our strategic team at Cheniere. We look forward to the contributions and insight that his unique expertise and experience will bring to our organization."
Prior to joining Loews, Mr. Feygin spent three years at Bank of America as Head of Global Commodity Strategy and as Senior Analyst covering natural gas pipelines and distributors. Mr. Feygin began his career at J.P. Morgan Securities where he covered natural gas pipelines, distributors and electric utilities as a senior analyst. Mr. Feygin earned his master of business administration from New York University's Stern School of Business, where he was a Stern Scholar and recipient of the A.J. Garville Scholarship. He earned his bachelor of science in electrical engineering from Rutgers University.
Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in LNG-related businesses, and owns and operates the Sabine Pass LNG terminal and Creole Trail Pipeline in Louisiana. Cheniere is pursuing related business opportunities both upstream and downstream of the Sabine Pass LNG terminal. Through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing a liquefaction project at the Sabine Pass LNG terminal adjacent to the existing regasification facilities for up to six Trains, each of which is expected to have a nominal production capacity of approximately 4.5 mtpa. Construction has begun on Trains 1 through 4 at the Sabine Pass Liquefaction Project. Cheniere has also initiated a project to develop liquefaction facilities near Corpus Christi, Texas. The Corpus Christi Liquefaction Project is being designed and permitted for up to three Trains, with aggregate design production capacity of up to 13.5 mtpa of LNG and which would include three LNG storage tanks with capacity of 10.1 Bcfe and two LNG carrier docks. Commencement of construction for the Corpus Christi Liquefaction Project is subject, but not limited, to obtaining regulatory approvals, entering into long-term customer contracts sufficient to underpin financing of the project, obtaining financing, and Cheniere making a final investment decision. We believe LNG exports from the Corpus Christi Liquefaction Project could commence as early as 2018.
SOURCE Cheniere Energy, Inc.