Corpus Christi Liquefaction, LLC (Corpus Christi Liquefaction), a subsidiary of Cheniere Energy, is developing a liquefied natural gas (LNG) export terminal at one of Cheniere's existing sites that was previously permitted for a regasification terminal. The proposed liquefaction project is being designed for three trains with expected aggregate nominal production capacity of up to 13.5 million tonnes per annum (mtpa).
The Corpus Christi site is located on the La Quinta Channel on the northeast side of Corpus Christi Bay in San Patricio County, Texas, on over 1,000 acres owned or constrolled by Cheniere and is approximately 15 nautical miles from the coast. The Corpus Christi Liquefaction Project is expected to be constructed in phases, with each LNG train commencing operations approximately six to nine months after the previous train.
To date, 7.65 mtpa has been contracted to third party, foundation customers on a long-term FOB basis under sale and purchase agreements (SPAs). Foundation customers include Pertamina, Endesa, Iberdrola, Gas Natural Fenosa, Woodside and EDF. Trains 1&2 are fully contracted and Train 3 is partially contracted. Any excess capacity not sold under long-term SPAs to foundation customers would be available for Cheniere Marketing to purchase. Services under the SPAs include procuring the natural gas, liquefying the natural gas and loading LNG onto the customer’s vessels.
Corpus Christi Liquefaction has filed for all necessary regulatory permits and has initiated the financing process. In order to reach FID and commence construction on a train, a project needs to have completed regulatory approvals, obtained financing and entered into SPAs sufficient to underpin the financing.
The Corpus Christi Liquefaction Project is expected to have access to a significant amount of conventional and unconventional resources available across Texas and the Gulf Coast Region.
There would be a few pipelines directly connected to the terminal. Natural gas supply would be received from these pipelines that would be interconnected with interstate and intrastate pipelines upstream of the terminal. Cheniere is planning on building a 23-mile pipeline and securing capacity on other main pipelines under long-term agreements. Natural gas supply would be purchased from producers and marketers on a short and long-term basis in order to balance the portfolio of natural gas feedstock.