Cheniere on track to finish 3 US LNG trains in 2019
Published by Joseph Green,
According to the latest Reuters report, Cheniere Energy Inc said on 9 August that it remains on track to finish building three liquefaction trains in 2019 at its export terminals at Sabine Pass in Louisiana and Corpus Christie in Texas.
The company said in its second quarter earnings release that Sabine 5 and Corpus 1 are expected to enter service in the first half of 2019, followed by Corpus 2 in the second half of 2019.
Corpus 3 is expected to enter service in the second half of 2021.
All of Cheniere’s liquefaction trains are capable of liquefying about 0.7 billion ft3 per day of natural gas.
Cheniere’s Sabine, in February 2016, was the first big LNG export facility to enter service in the Lower 48 US states. The company currently has four liquefaction trains operating at Sabine.
US LNG exports almost quadrupled from 183.9 billion ft3 in 2016 to 706.4 billion ft3 in 2017, worth about US$3.3 billion, and are on track to rise to over 1000 billion ft3 in 2018, making the country one of the world’s biggest exporters of the super-cooled gas.
Total US LNG export capacity is expected to jump to 8.8 billion ft3 by the end of 2019 and 10.1 billion ft3 by the end of 2020 from 3.8 billion ft3 now, which should make the US the world’s third-biggest LNG exporter by capacity in 2019.
Cheniere has estimated the cost of the first five trains at Sabine, including financing, at between US$17.5 billion and US$18.5 billion, while the first three trains at Corpus are expected to cost between US$15.0 billion and US$16.0 billion after financing.
Cheniere is also developing a sixth 0.7 billion ft3 per day train at Sabine and seven smaller 0.2 billion ft3 per day trains at Corpus.
Read the article online at: https://www.lngindustry.com/liquefaction/10082018/cheniere-on-track-to-finish-3-us-lng-trains-in-2019/
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