Corpus Christ LNG (Courtesy: Cheniere)
The Federal Energy and Regulatory Commission (FERC) has approved Cheniere’s request to commission Train 2’s fuel gas system.
Train 2 is expected to reach substantial completion in the second half of 2019.
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.”
FERC Issues Environmental Schedules for 12 LNG Terminal Applications
The Federal Energy Regulatory Commission (FERC) on August 31, 2018 issued a news release highlighting the approval of environmental schedules for the following 12 outstanding LNG terminal applications: Freeport Train 4, Port Arthur, Driftwood LNG, Corpus Christi, Texas LNG, Gulf LNG, Rio Grande LNG, Jacksonville Eagle, Annova LNG, Plaquemines, Jordan Cove, and Alaska LNG.
“Thanks to the tremendous work of our Office of Energy Projects and Office of the General Counsel, the Commission has made significant strides in streamlining our regulatory processes to adapt to the increasing number, and greater complexity, of the LNG applications we have received. These process improvements have shortened projected environmental schedules in some cases by 9 to 12 months. There is widespread acknowledgement that the United States is poised to play an important role in serving worldwide LNG demand, and its ability to serve that demand quickly will serve the nation’s national security and economic interests. Because sufficient LNG export capacity is a necessary gateway to the global gas markets, the FERC’s efficient processing of LNG facility applications will put the US in a more competitive position.
-FERC Chairman Kevin McIntyre.”
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.