Cheniere Signs Train 6 EPC Deal

Image Courtesy: Cheniere

The long awaited Sabine Pass Train 6 has reached a major milestone after Cheniere confirms the EPC deal with Bechtel.

Jack Fusco, Cheniere’s CEO said, “We have finalized the Sabine Pass Train 6 EPC contract with Bechtel, and we are releasing Bechtel to commence early engineering, procurement, and construction activities for Train 6 ahead of making a final investment decision.”

Sabine Pass LNG started shipping the chilled fuel in early 2016, currently Trains 1 to 4 are operational and Train 5 is undergoing commissioning activities.

Corpus Christi LNG Plant Update

Image Courtesy: Cheniere

Another Cheniere project nearing completion and further advancing US LNG exports.

According to Cheniere’s CEO Jack Fusco, “Corpus Train 2 continues to progress on an accelerated schedule and we expect substantial completion in the second half of next year.”

Corpus Christi is a three train liquefaction project where each train is capable of producing 4.5 million tonnes of LNG per annum. Cheniere also owns and operates its Sabine Pass LNG export terminal.

Forbes: Next Wave Of U.S. LNG Projects Lurks But Market Fistfight Is Inevitable

Weighing the United State’s LNG boon against an increasingly competitive global market, Forbes delivers a quiet warning - burgeoning production capacity does not guarantee the market’s success. The numerous pending American LNG plant projects awaiting environmental permits final investment decisions are far from secure:

“The entry of the U.S. as a marginal producer has changed the game. But it’s easy to get caught up in the market euphoria and forget that U.S. exporters are not the only game in town. American exports are (and will be) toughing it out with Australian and Qatari exports. It’s extremely challenging to get long-term high volume offtake agreements to support the construction of these facilities.”

— David Lang, law firm Baker McKenzie's Global Head of LNG

Cheniere & Tellurian Release Corporate Reports

Cheniere Energy, Inc. - owner and operator of the Sabine Pass and Corpus Christi LNG projects - and Tellurian Inc. - of the upcoming Driftwood LNG project - released corporate reports this week:

Forecasting growing global demand for American gas, the juggernauts are investing heavily to build LNG infrastructure. Tellurian reports it is on track to reach its final investment decision (FID) on Driftwood 1-H 2019.