Cheniere Eying Further LNG Growth Following Corpus Christi Expansion FID

Separately, Cheniere announced two LNG supply deals with Chevron, one of which is conditional on a positive FID of a new Corpus Christi liquefaction project, meaning the next leg of Cheniere’s expansion is in the works.

(Source: Hart Energy, Shutterstock.com)

Cheniere Energy Inc. signaled further expansion of its Corpus Christi, Texas, LNG plant could come sooner than expected following the announcement of a final investments decision (FID) related to Stage 3 work at the export facility.

On June 22, Cheniere Energy’s board of directors announced a FID related to the Corpus Christi Stage 3 Liquefaction Project, which will have capacity to ship 10-plus million tonnes per annum (mtpa) from 7 midscale trains. “It’s possible ultimate capacity of the facility could be in the 11-12 mtpa range given 10.7 mtpa of long-term contracts have been signed with CPC, PGNiG, Sinochem, Foran, ENGIE, Apache, EOG, and ARX CN,” Tudor Pickering, Holt & Co. (TPH) said June 23 in a research note.

Separately, Cheniere announced two sale and purchase agreements (SPAs) with Chevron Corp.—one from Sabine Pass LNG facility and the other conditional on a positive FID of a new Corpus Christi liquefaction project. In total, 3.2 mtpa is now available for a new project, roughly 60% conditional on a positive FID, according to the TPH analysts. 

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