Corpus Christi Project
Corpus Christi Liquefaction Project
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 liquefaction project is being designed for three trains with expected aggregate nominal production capacity of up to 13.5 million tonnes per annum (mtpa) of LNG. After receiving all necessary regulatory permits, Cheniere reached Final Investment Decision (FID) and issued the notice to proceed to commence construction on the first two liquefaction trains on May 13, 2015, and is continuing to market production from Train 3.
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 controlled 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 4.5 mtpa LNG train commencing operations approximately six to nine months after the previous train.
To date, 8.42 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, EDF and EDP. 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.
The Corpus Christi Liquefaction Project is positioned near some of the most prolific oil and gas producing regions in the country. Texas alone produced 28% of total U.S. marketed gas production during 2014, according to data from the U.S. Energy Information Agency. Cheniere is building a 23-mile 48” pipeline that would connect the Corpus Christi LNG plant to several interstate and intrastate pipelines, giving the facility access to robust gas resources in Texas and the Gulf Coast. In addition, Cheniere is securing transport capacity on third-party pipelines under long-term agreements. Natural gas supply would be purchased from producers and marketers on a short and long-term basis to form a balanced portfolio of natural gas feedstock.
Corpus Christi Liquefaction Project August 2015