FERC Greenlights First Gas for Cheniere's Corpus Christi LNG Train 1
Cheniere Energy has received approval from the U.S. Federal Energy Regulatory Commission (FERC) to introduce feed gas into its 4.5 million-metric-ton-per-year liquefied natural gas (LNG) Train 1 at Corpus Christi, Texas.
The train is expected to be fully operational in the first quarter of 2019. Industrial Info is tracking more than $35.6 billion in active projects involving Cheniere.
Train 2 at Corpus Christi is under construction and is expected to start up in a little more than a year's time.
Among Cheniere's key developments during the second quarter of 2018 was its final investment decision in favor of a billion third production train in Corpus Christi, which would be completed in mid-2022.
Also last week, Cheniere announced it has signed a 25-year sales and purchase agreement with CPC Corporation of Taiwan for 2 million metric tons of LNG per year. The contract will begin in 2021. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
For more information, please subscribe to IIR' blog.