SINGAPORE—Cheniere Energy Inc.’s (NYSE MKTS: LNG) Corpus Christi export terminal in Texas could start producing its first LNG this year, a company executive said on March 1.
Construction of two 0.7 billion-cubic-feet-per-day (4.5-million tonnes per annum) units at Corpus Christi is over 80% complete, said Douglas Wharton, director origination of Cheniere Marketing in Singapore. Wharton was speaking at an LNG industry conference in the city-state.
“We will hopefully start producing first LNG by this year and have made significant progress on train 3 which...we are hoping to take a final investment decision (FID) on soon,” Wharton said.
A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.
Crude inventories in the Permian Basin fell to 15 million barrels (MMbbl) in the week to Feb. 19, the lowest since October and down from a record 22 MMbbl in November. That glut had doubled in size from 11 MMbbl in June, according to the Genscape data.
Enterprise Products Partners LP said on Aug. 1 it would expand its Seaway crude pipeline system capacity to about 950,000 bbl/d from 850,000 bbl/d.