Cheniere Energy has announced a positive final investment decision (FID) for the expansion of the Corpus Christi liquefied natural gas (LNG) facility in San Patricio County, Texas, US.
The FID for the Corpus Christi Midscale Trains 8 and 9 and Debottlenecking Project includes two mid-scale trains with an expected total capacity of more than three million tonnes per annum (mtpa) of LNG.
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The project is adjacent to the existing Corpus Christi Stage 3 Project and includes additional debottlenecking infrastructure.
Upon completion, the Corpus Christi LNG terminal’s total liquefaction capacity is expected to exceed 30mtpa by the end of this decade.
Cheniere president and CEO Jack Fusco said: “We are pleased to announce the FID of CCL Midscale Trains 8 & 9 today, an important milestone for Cheniere as we continue to accretively grow our world-class infrastructure platform to over 60mtpa.
“We expect CCL Midscale Trains 8 & 9 to be executed seamlessly with Corpus Christi Stage 3, where Train 1 achieved substantial completion in March, and Train 2 achieved first LNG production this month. We look forward to bringing this much needed new LNG supply to market safely, on time and on budget.”
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By GlobalDataThe project is part of Cheniere’s broader strategy to increase the combined liquefaction capacity across its platforms at Sabine Pass and Corpus Christi by more than 10% to over 60mtpa.
Cheniere is also planning further expansions at both terminals, which could potentially increase the company’s LNG platform to approximately 75mtpa by the early 2030s.
These expansions will be executed in a phased approach, starting with initial single-train expansions at each site.
In line with the FID, Cheniere is on track to meet its 20/20 Vision capital allocation plan, which involves deploying approximately $20bn by 2026 and achieving around $20 per share of run-rate distributable cash flow.
In May, Cheniere Marketing, a subsidiary of Cheniere Energy, entered a long-term integrated production marketing agreement with Canadian Natural Resources.
Starting in 2030, this deal involves the sale of 140 billion metric British thermal units per day of natural gas over a 15-year period.
