50.24$US/1 Barrel
59.70$US/1 Barrel
55.10$US/1 Barrel
68.87$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
65.01$US/1 Barrel
64.04$US/1 Barrel
67.79$US/1 Barrel
50.11$US/1 Barrel
55.68$US/1 Barrel
55.28$US/1 Barrel
60.68$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
52.50$US/1 Barrel
57.50$US/1 Barrel
59.00$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
463.75$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
844.25$US/MT
SEATTLE (Oil Monster): Houston, Texas-headquartered Cheniere Energy approved expansion of its Corpus Christi LNG terminal in Texas. The works on the project are set to commence immediately following the recent final authorization from the Federal Energy Regulatory Commission (FERC).
At its Corpus Christi Liquefaction (CCL) facility, the business authorized funding for two more mid-scale liquefaction trains. It is anticipated that the proposed extension will increase the terminal's capacity by 3 million tonnes annually (Mtpa). By 2029, the site's overall production capacity will surpass 30 Mtpa. In order to handle larger LNG tankers, the expansion project will guarantee improvements to related port infrastructure.
The current Corpus Christi Stage 3 program, whose first train started production earlier this year and is anticipated to be fully commissioned by 2026, is complemented by the expansion.
Construction of the new trains is scheduled to start by mid-2025, with commissioning anticipated in 2029, according to the company's timeline.
Cheniere Energy hopes that this development will bolster the United States' leading position in the world market for liquefied natural gas. Approximately 20% of US LNG now travels through Corpus Christi. This number will significantly increase as the expansion continues.
YOU MAY ALSO BE INETRESTED IN:
Cheniere Energy Reinforces "Critical" Role of U.S. Natural Gas with 20-Year Galp LNG Deal