Export production volumes at its Sabine Pass export terminal are expected at 27 million metric tons per year (mmtpy), a number set to rise to 60 mmtpy by 2025. That's sparked market talk of whether Cheniere could overcome Russia to become Europe's leading supplier once it begins exporting to the region. Gazprom, Russian state-owned company, currently supplies more than 30 percent of Europe's gas.
But CEO Charif Souki remains cautious, for now.
"Russian gas will still be the dominant player in Europe," he said at the Singapore International Energy Week conference on Monday.
"Cheniere's entry into Europe won't dent [LNG] prices there…I don't see us as price makers."
But European nations are already courting Cheniere in an attempt to wean themselves off Russian supply. Earlier this month, Lithuania's Energy Minister Rokas Masiulis announced it was in talks with the U.S. firm regarding potential imports.