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

US FERC issues final SEIS for Commonwealth LNG’s project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for Commonwealth LNG's proposed LNG export plant in Louisiana. The regulator concluded that National Ambient Air Quality Standards (NAAQS) exceedances for 1-hour NO2 may be significant.

India’s April LNG imports climb

India's liquefied natural gas (LNG) imports rose by 21.3 percent year-on-year in April, preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell shows.

Pilot, Seapath secure final permits for Galveston LNG bunkering facility

Pilot LNG and Libra Group’s maritime unit Seapath have received final construction permits for their planned LNG bunkering facility in Galveston, Texas. The partners plan to take a final investment decision on the project in mid-2025.

More News Like This

GECF says April LNG imports rise

Global liquefied natural gas (LNG) imports rose by 3.5 percent year-on-year in April, boosted by higher imports in Europe, the Gas Exporting Countries Forum said in its latest report.

Atlantic LNG shipping rates continue to drop

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

US LNG exports up to 29 cargoes

US liquefied natural gas (LNG) plants shipped 29 cargoes during the week ending May 14. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

Cheniere nears first LNG at second Corpus Christi expansion train

Cheniere's CEO, Jack Fusco, expects the company to achieve first LNG at the second train of the Corpus Christi Stage 3 expansion project in Texas later this month or at the beginning of June.