HOUSTON—Cheniere Energy Inc. announced March 29 that substantial completion of Train 3 at the Corpus Christi liquefaction project was achieved on March 26. Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals, Inc. has turned over care, custody, and control of Train 3 to Cheniere.
Cheniere, its subsidiaries, and Bechtel have now declared substantial completion on a total of eight liquefaction trains at the Corpus Christi liquefaction project and the Sabine Pass liquefaction project ahead of each train’s guaranteed completion date and within project budgets.
With the achievement of substantial completion, financial results of LNG sales from Train 3 going forward will be reflected in the statement of operations of Cheniere and its applicable affiliates.
Recommended Reading
Marcellus Waiting to Exhale But Held Back by Regional, Economic Factors
2024-11-06 - After years of exploitation as one of the country’s first unconventional shale plays, the Marcellus still has plenty of natural gas for producers, even if regional and economic factors have kept much of it bottled up.
Expand ‘Having Tons of Conversations’ to Power Data Centers with Gas
2024-10-30 - Expand Energy, the largest U.S. gas producer, has some 1 Bcf/d of supply behind pipe that it can turn online when gas markets stabilize, though executives said Oct. 30 it might not be needed for some time.
NatGas Rally Reaches 2024 Peak, Highest Price in Two Years
2024-12-19 - Analysts say the gas market remains volatile as prices surpass $3.50/MMbtu at the Henry Hub for the first time in about two years.
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Bernstein Expects $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
2025-01-16 - Bernstein Research’s team expects U.S. gas demand will grow from some 120 Bcf/d currently to 150 Bcf/d into 2030 as new AI data centers and LNG export trains come online.