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Cheniere said in its second-quarter results report that the completion was achieved on August 6.
This follows the substantial completion of the first liquefaction train in March this year, ahead of schedule.
Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion, in June 2022.
Moreover, Bechtel officially started construction on the project in October of the same year.
The project includes building seven midscale trains, each with an expected liquefaction capacity of about 1.49 mtpa.
According to Cheniere, the project was 86.7 percent completed as of the end of June.
The company said it continues to expect substantial completion of Train 3 and first LNG
from Train 4 before year-end of 2025.
This project adds to three operational Corpus Christi trains, each with a capacity of about 5 mtpa.
Cheniere also made a positive final investment decision to build two more midscale trains at its Corpus Christi LNG plant in June.
The CCL midscale trains 8 and 9 project is being built adjacent to the Corpus Christi Stage 3 project and consists of two midscale trains with an expected total liquefaction capacity of over mtpa of LNG and other debottlenecking infrastructure.
Upon completion of the project, and together with expected debottlenecking and CCL Stage 3, the Corpus Christi LNG terminal is expected to reach over 30 mtpa in total liquefaction capacity later this decade, according to Cheniere.
In addition, Cheniere received approval from the US FERC to initiate the environmental pre-filing review for its Corpus Christi Liquefaction Stage 4 project.
The proposed Stage 4 expansion consists of the addition of four large-scale liquefaction trains, two full-containment 220,000-cbm LNG storage tanks, a marine berth, and other infrastructure.
The trains will have a peak production capacity of approximately 24 mtpa of LNG.
Revenue jumps
Cheniere reported a year-on-year jump in both its second-quarter revenue and net profit due to higher prices.
The owner of the Sabine Pass and Corpus Christi LNG export terminals said on Thursday its revenue reached $4.64 billion in the second quarter.
This compares to $3.25 billion in the second quarter last year and $5.44 billion in the prior quarter.
Cheniere attributed the $1.4 billion and $2.6 billion increases in revenues between the three and six months ended June 30, due to “higher pricing per MMBtu from both increased Henry Hub pricing, to which the majority of our long-term LNG sales contracts are indexed, and from international gas pricing.”
Also, the firm attributed the increases to higher volumes of LNG delivered between the
periods.
Cheniere’s net income was $1.62 billion in the second quarter and $1.98 billion in the first half of this year.
Net income attributable to Cheniere increased $746 million and $597 million for the three and six months ended June 30, primarily due to “$873 million and $596 million of favorable changes in fair value of agreements accounted for as derivative instruments,” the company said.
154 LNG cargoes
Cheniere exported 154 LNG cargoes during the second quarter, down by one cargo compared to the same period last year.
During the first half, the company exported 322 LNG cargoes, one more compared to 2024.
Most of these volumes landed in Europe.
The company’s loaded LNG volumes reached 550 trillion British thermal units (TBtu) in the second quarter, down from 552 TBtu in the same quarter last year.
In the January-June period, the company’s loaded LNG volumes reached 1,158 TBtu, a rise compared to 1,153 TBtu in the same period last year.
