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
Marketed: Berlin Resources’ Anadarko Basin Opportunity
2024-07-22 - Berlin Resources has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Montgomery 18/19 BO #1H, located in Ellis County, Oklahoma.
Archrock to Buy NatGas Compression Firm TOPS for $983MM
2024-07-22 - The acquisition of Total Operations and Production Services will increase Archrock's compression capacity by 30% to nearly 2.2 million operating horsepower.
EQT Closes $5.45B Acquisition of Equitrans Midstream
2024-07-22 - In addition to integrating Equistrans’ midstream assets, EQT will focus on reducing the infrastructure company’s debt of between $7.6 billion and $8 billion. Including equity and debt, the deal is valued at roughly $13 billion.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
2024-07-22 - From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Saltchuk Resources to Acquire OSG for $950MM
2024-05-20 - Following the transaction’s close, Overseas Shipholding Group Inc. will operate as a standalone business unit within Saltchuk.