January 19 -- The largest U.S. exporter of liquefied natural gas (LNG) Cheniere Energy announced that its third-quarter LNG income has more than doubled due to increased demand following Russia’s invasion of Ukraine, Reuters reported.
The Texas-based business increased its revenue from $3.2 billion to $8.85 billion for the three months that ended on September 30.
The liquefaction terminals at Sabine Pass in Louisiana and Corpus Christi in Texas are owned and run by Cheniere, which is also the largest natural gas purchaser in the US.
Sabine’s production capacity is about 30 million tons per annum (MTPA) of LNG and Corpus can produce about 15 MTPA.
In addition to the operational units, Cheniere is constructing seven mid-scale liquefaction trains at Corpus that it refers to as Stage III and will be capable of producing around 11.5 MTPA of LNG.
To build the seven mid-scale trains, Cheniere claimed it has a $5.5 billion deal with the construction company Bechtel.
In 2025, Stage III is anticipated to go into operation.
Additionally, Cheniere is creating two more liquefaction trains at Corpus that have the potential to produce an additional 3 MTPA.
Cheniere said the development of the additional two trains at Corpus or other projects “will require, among other things, acceptable commercial and financing arrangements before we make a positive FID (final investment decision).”
Cheniere says it holds “significant land positions at both the Sabine Pass LNG Terminal and the Corpus Christi LNG Terminal which provide opportunity for further liquefaction capacity expansion.”
The largest U.S. exporter of liquefied natural gas (LNG), Cheniere Energy, announced that third-quarter LNG income more than doubled due to increased demand following Russia’s invasion of Ukraine.
The Texas-based business increased its revenue from $3.2 billion to $8.85 billion for the three months that ended on September 30.
The liquefaction terminals at Sabine Pass in Louisiana and Corpus Christi in Texas are owned and run by Cheniere, which is also the largest natural gas purchaser in the US.
Sabine’s production capacity is about 30 million tons per annum (MTPA) of LNG and Corpus can produce about 15 MTPA.
In addition to the operational units, Cheniere is constructing seven mid-scale liquefaction trains at Corpus that it refers to as Stage III and will be capable of producing around 11.5 MTPA of LNG.
To build the seven mid-scale trains, Cheniere claimed it has a $5.5 billion deal with the construction company Bechtel.
In 2025, Stage III is anticipated to go into operation.
Additionally, Cheniere is creating two more liquefaction trains at Corpus that have the potential to produce an additional 3 MTPA.
Cheniere said the development of the additional two trains at Corpus or other projects “will require, among other things, acceptable commercial and financing arrangements before we make a positive FID (final investment decision).”
Cheniere says it holds “significant land positions at both the Sabine Pass LNG Terminal and the Corpus Christi LNG Terminal which provide opportunity for further liquefaction capacity expansion.”
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