US LNG exporter Cheniere plans to boost capacity to 90 mtpa

US LNG exporting giant Cheniere has revealed plans to increase the company’s liquefaction capacity to about 90 mtpa as part of its “20/20 Vision” long-term capital allocation plan.

Cheniere’s Sabine Pass plant in Louisiana now has six operational trains with a capacity of about 30 mtpa, while the firm took a final investment decision on Stage 3 expansion at its Corpus Christi LNG export plant in Texas.

The expansion will add about 10 mtpa to the three-train 15 mtpa Corpus Christi plant.

In addition to this, Cheniere is planning to build Corpus Christi midscale trains 8 and 9, each with a capacity of 1.64 mtpa, and one 220,000-cbm LNG storage tank.

Cheniere said on Monday that its near-term growth includes a platform of about 60 mtpa.

This entails the planned Corpus Christi midscale trains and the approved 10 mtpa project, as well as debottlenecking, it said.

According to Cheniere, the long-term growth targeting a 90 mtpa platform includes an expansion at the Sabine Pass facility and a fourth expansion phase at the Corpus Christi plant.

US LNG exporter Cheniere plans to boost capacity to 90 mtpa

Raising guidance

Cheniere has again raised its 2022 financial guidance following a surge in its second-quarter earnings due to high demand in Europe.

Cheniere boosted 2022 consolidated adjusted Ebitda guidance by about $1.2 billion to $11-$11.5 billion.

This is due primarily to a “change in the expected timing of several cargoes accelerating into 2022 which were previously forecast for 2023 as well as sustained higher margins on LNG throughout 2022,” it said.

Cheniere said it had reached a new cash flow inflection point and now expects to generate over $20 billion of available cash through 2026.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Cheniere’s Sabine Pass terminal ships 3,000th LNG cargo

Cheniere’s giant Sabine Pass LNG terminal in Louisiana has shipped the 3,000th cargo of liquefied natural gas since its launch in 2016.

US LNG exports reach 27 cargoes

US liquefied natural gas (LNG) plants shipped 27 cargoes during the week ending July 9. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

Portugal’s Sines LNG import terminal hits new milestones

The Sines LNG import terminal in Portugal has reached two new milestones, according to Portugal’s power and gas firm and LNG terminal operator, REN.

EIA lowers Henry Hub price forecast

The US Energy Information Administration expects the Henry Hub spot price to average almost $3.40/MMBtu in the third quarter of this year, 16 percent less than last month’s forecast, according to its latest short-term energy outlook.