Cheniere has been the largest producer of LNG for export in the U.S. since Sabine Pass began producing LNG a decade ago. But export capacity is still growing, as the company discussed during its earnings call on Thursday. Firstly, the firm gave an update on Corpus Christi Stage 3, saying that construction on the entire project is now 98% complete. Train 6 has been substantially complete since June and Train 7 is expected to be complete in a few months. The company is also working on mid-scale trains 8 and 9 and the associated debottlenecking of pipelines to feed those trains, with construction on those projects now reported as 48% complete. Altogether, trains 7-9 are expected to add 6 mtpa in capacity (0.8 Bcf/d in feedgas) to Cheniere’s already hefty export portfolio, as seen in the graph below. CEO Jack Fusco said that this news “reinforces Cheniere’s execution track record for bringing LNG capacity online ahead of schedule and on budget.”

Create a FREE Account to Read Full Article