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…]
Southcross Energy announced an expansion to its South Texas natural gas processing and fractionation complex. Southcross is adding the Bonnie View Fractionator in Refugio County, 25 miles north of Corpus Christi. The fractionator will have initial capacity of 11,500 bbls/d of natural gas liquids (NGLs) and can be expanded to 15,000 bbls/d.
This plant is in addition to company’s previously announced Woodsboro gas processing unit in the same area and the company’s Gregory gas processing plant and fractionator east of Corpus Christi in San Patricio County. The Woodsboro gas processing facility has capacity of 200 mmcfd and the Gregory unit has capacity of 135 mmcfd. The Gregory fractionator will also expand to full utilization at 4,800 bbls/d of NGLs. [Read more…]
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…]