Cheniere Energy, the largest U.S. LNG producer and the world’s second-largest LNG operator, plans to ship its first cargo from its Corpus Christi Liquefaction (CCL) Stage 3 project by year’s end.
“Bechtel Energy continues to progress construction on Stage 3 on an accelerated schedule. The project stood at over 55% completion at the end of March,” Cheniere President and CEO Jack Fusco said during the company’s May 3 first-quarter 2024 webcast.
“I remain optimistic that together with Bechtel, we will achieve first LNG by the end of 2024 and bring all seven trains online before the end of 2026,” Fusco said during his opening remarks.
RELATED
Despite LNG Permitting Risks, Cheniere Expansions Continue
To date, Cheniere has funded about $3.5 billion in capex for CCL Stage 3. Fusco said more than 3,000 workers in Corpus are dedicated to the project— a figure that could reach 4,000 by mid-year.
Additionally, Fusco said Cheniere continued to work closely with the Federal Energy Regulatory Commission to move forward on the permitting process for midscale trains eight and nine at Corpus Christi. Cheniere still has an eye on making a final investment decision on those trains in 2025.
“We expect to receive our environmental assessment soon and remain confident that we will receive all necessary regulatory approvals to be able to sanction the project in 2025, and for our major growth project at Sabine Pass, the SPL Expansion Project,” Fusco said.
Boosting Corpus capacity
Cheniere owns nine liquefaction trains across its two Gulf Coast plants—Corpus Christi and Sabine Pass—with a total production capacity of 45 million tonnes per annum (mtpa). Those production levels are expected to remain steady in 2024, Cheniere said in its May 3 first-quarter 2024 press release.
In Corpus Christi, Cheniere operates three liquefaction trains with a production capacity of 15 mtpa.
Cheniere’s CCL Stage 3 will add seven midscale trains and more than 10 mtpa of new capacity, while a second development will add two midscale trains, eight and nine, in a location adjacent to Stage 3. The two new trains will add 2.8 mtpa of capacity, taking production capacity in Corpus Christi up to 27.8 mtpa.
Recommended Reading
Electricity and LNG Drive Midstream Growth as M&A Looms
2024-09-26 - The midstream sector sees surging global and domestic demand with fewer players left to offer ‘wellhead to water’ services.
Waha’s Negative Gas Prices Set an Unwelcome, Painful Record
2024-09-03 - Analysts: Gas producers are weathering nearly a month of negative natural gas prices thanks to hedging, but they can’t hold out indefinitely.
Williams Files for Temporary Permit to Keep $950MM Project Online
2024-09-11 - A temporary emergency certificate is necessary for Williams to continue operating the Regional Energy Access Project after the Court of Appeals shot down an original FERC certificate in July.
Analysts: Midstream MLPs Outperforming S&P in 2024
2024-08-14 - The midstream sector has been able to take advantage as capex spending slows and cash flows increase.
Matterhorn Express, Partially Online, to Ease Permian Gas Bloat
2024-09-05 - The long-awaited Matterhorn Express pipeline is shipping small amounts of natural gas out of the Permian Basin, according to an E&P CEO.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.