Cheniere Reaches FID on Corpus Christi Stage 3 LNG Export Plant

Cheniere Energy reached final investment decision on its Corpus Christi Stage 3 liquefication project after beginning construction on the project earlier in 2022.

Hart Energy Staff
Cheniere Energy, Corpus Christi Stage 3, LNG

On June 22, Cheniere Energy reached final investment decision on its LNG Corpus Christi Stage 3 project, which is projected to deliver 10 million tonnes per annum of LNG. (Source: Hart Energy)

Cheniere Energy Inc.'s board of directors has made a positive financial investment decision (FID) with respect to the more than 10 million tonnes per annum (mtpa) of LNG Corpus Christi Stage 3 liquefaction project, a press release announced on June 22.

The company issued full notice to proceed to Bechtel Energy Inc. to continue construction on the project, which began earlier this year under limited notice to proceed.

On June 15, Cheniere Corpus Christi Holdings LLC closed on an amended and restated approximately $4 billion senior secured term loan due 2029, as well as an amended, extended and upsized $1.5 billion working capital facility due 2027. The remaining costs are expected to be funded from Cheniere.

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