Corpus Christi LNG Plant One Step Closer To Being Built – Cheniere

Sale & Purchase Agreement Signed for 5% of the Plant's Proposed Export Capacity
Cheniere's Corpus Christi Liquefaction Project

Cheniere’s Corpus Christi Liquefaction Project | Click to Enlarge

A proposed Corpus Christi Liquefaction Plant (LNG Export) is one step closer to becoming a reality.

Cheniere signed a 20-year LNG sale and purchase agreement (SPA) with Pertamina for 0.8 mtpa (90 mmcfd). The deal accounts for just 5% of the plant’s proposed capacity, so more contracts are needed before the $12 billion project will be financed.

[Read more…]

Cheniere Energy’s Port of Corpus Christi LNG Plant Will Cost $12 Billion

A Final Investment Decision Is Expected By the End of 2014
Cheniere's Corpus Christi Liquefaction Project

Cheniere’s Corpus Christi Liquefaction Project | Click to Enlarge

Cheniere Energy is closer to making a decision on final investment in its Corpus Christi Liquefaction project.

Cheniere received a turnkey construction commitment priced at $800/tonne of liquefaction. The engineering and construction company Bechtel submitted the contract in September.

Cheniere has plans for up to six trains with 4.5 mtpa capacity each in Corpus Christi, but initial plans call for three trains with capacity of 13.5 mtpa (~1.8 Bcf/d). [Read more…]

Freeport LNG Looking For Financing – Planning Gas Exports

Alos Seeking Approval To Expand From 1.4 To 2.8 Bcfd
Freeport TX LNG

Freeport, TX | Click to Enlarge

Freeport LNG is looking to raise more than $7.5 billion to begin construction at its proposed LNG export facility in Freeport, TX.

The Energy Department has approved 1.4 Bcfd in exports at the site and the company is seeking approval for an additional 1.4 Bcfd. The facility still needs FERC approval and expects to know more in 2014. If everything goes as planned, one export train a year will come online starting in 2017. [Read more…]

Cheniere Energy’s Corpus Christi Liquefaction (LNG) to Hold Open House

Cheniere Energy’s subsidiary, Corpus Christi Liquefaction, plans to hold an open house in Portland, TX to discuss the proposed LNG facility that would export Eagle Ford natural gas.  The event is scheduled for February 28th, and you can get the full details at our Eagle Ford Shale Events page.   [Read more…]

Exporting Eagle Ford Gas is One Step Closer

Cheniere Energy announced the week before Christmas that it has plans for a Texas natural gas export facility near Corpus Christi and that it reached a supply agreement with an Indian company for gas exported from the Sabine Pass export terminal in Louisiana.

Through its Corpus Christi Liquefaction subsidiary, the company began the regulatory process for getting approval to add a 2 Bcf/d export facility in the La Quinta Channel on the Northeast side of Corpus Christi Bay in San Patricio County, TX. An export facility where operators can lock in higher gas prices for extended periods would expand commercial development of the Eagle Ford further into the dry gas window.

Cheniere Energy also added a supply agreement at its Sabine Pass facility. The company and GAIL Limited have agreed to a 20 year deal where the Indian company will purchase 3.5 mtpa or close to 500 mmcfd of gas at a price indexed to Henry Hub. The contract begins with the first commercial delivery.

GAIL signed an Eagle Ford JV agreement with Carrizo in September of 2011 and the deal with Cheniere is a big step in ensuring the company realizes better natural gas prices.  [Read more…]