Cheniere Energy is a liquefied natural gas (LNG) company headquartered in Houston, Texas. In February 2016 it became the first US company to export liquefied natural gas. As of 2018, it is a Fortune 500 company. Cheniere is also engaged in LNG marketing and trading operations. Through its subsidiary, Cheniere Marketing, it offers LNG on a free on board or delivered at terminal basis to customers interested in purchasing LNG in the short and mid-term markets. Cheniere Marketing and its subsidiaries has access to all excess nominal production capacity not sold under long-term sale and purchase agreements to third parties.