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Cheniere Energy's $370M Tax Credit Sparks Controversy

2/27/2026

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Summary

Story summary

Cheniere Energy Inc. received a $370 million tax credit from the Internal Revenue Service for using liquefied natural gas in tankers.
Critics, environmentalists and tax experts, say the ruling misapplies a small-vessel credit.
The IRS allowed retroactive application of the credit from 2018 to 2024.
Cheniere's CEO Jack Fusco has financially supported U.S. President Donald Trump’s campaign.
The company aims to double its LNG output by the mid-2030s.

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Story summary

Cheniere Energy Inc. received a $370 million tax credit from the Internal Revenue Service for using liquefied natural gas in tankers.
Critics, environmentalists and tax experts, say the ruling misapplies a small-vessel credit.
The IRS allowed retroactive application of the credit from 2018 to 2024.
Cheniere's CEO Jack Fusco has financially supported U.S. President Donald Trump’s campaign.
The company aims to double its LNG output by the mid-2030s.