Cheniere Energy, Inc. (ticker: LNG) made a positive final investment decision, clearing the way for its Train 3 project at Corpus Christi to reach the goal line. Cheniere said it plans to issue a full notice for Bechtel Oil, Gas and Chemicals, Inc. to continue construction.
The construction began in late 2017 under limited notice to proceed, but with the full notice, this will be the first final investment decision (FID) on new liquefaction capacity in the U.S. since 2015.
The project site is located on the La Quinta Channel on the northeast side of Corpus Christi Bay in San Patricio County, Texas, on over 1,000 acres owned or controlled by Cheniere.
Cheniere’s Corpus Christi liquefaction project is a three-train liquefaction project near Corpus Christi, Texas. Each train is expected to have a nominal production capacity of approximately 4.5 mtpa of LNG (metric tonnes per annum).
More trains to come
The company recently initiated the regulatory approval process for seven midscale liquefaction trains (~9.5 mpta total). And additional expansion is possible, Cheniere said in its May investor presentation.
Two trains are under construction, and as of March 2018, 85.7% of the project is completed. The first LNG production is expected as early as late 2018 for train one.
