Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Cheniere on track to finish 3 U.S. LNG trains in 2019

(Reuters) - U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Thursday it remains on track to finish building three liquefaction trains in 2019 at its export terminals at Sabine Pass in Louisiana and Corpus Christi 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.

Cheniere chief executive Jack Fusco told analysts on an earnings call that the company expects Sabine 5 and Corpus 1 to produce first LNG in the fourth quarter of 2018.

Corpus 3, meanwhile, 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 cubic feet per day (bcfd) of natural gas. One billion cubic feet is enough gas to fuel about 5 million U.S. homes for a day.

Cheniere’s Sabine, in February 2016, was the first big LNG export facility to enter service in the Lower 48 U.S. states. The company currently has four liquefaction trains operating at Sabine.

U.S. LNG exports almost quadrupled from 183.9 billion cubic feet (bcf) in 2016 to 706.4 bcf in 2017, worth about $3.3 billion, and are on track to rise to over 1,000 bcf in 2018, making the country one of the world’s biggest exporters of the super-cooled gas.

Total U.S. LNG export capacity is expected to jump to 8.8 bcfd by the end of 2019 and 10.1 bcfd by the end of 2020 from 3.8 bcfd now, which should make the United States 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 $17.5 billion and $18.5 billion, while the first three trains at Corpus are expected to cost between $15.0 billion and $16.0 billion after financing.

Cheniere is also developing a sixth 0.7-bcfd train at Sabine and seven smaller 0.2-bcfd trains at Corpus.

Reporting by Scott DiSavino; Editing by Steve Orlofsky and Marguerita Choy

 


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Business Trends: Opportunities and risks in the global LNG market
-Michael Hinton
Natural gas use has strongly increased around the globe, supported by higher demand and growing availability of gas.
EWAnalysis: Impact of technology on gas processing plants
-Bob Andrew
The gas processing industry has modernized and embraced technology throughout boom and bust cycles.
Executive Interview: BHGE enhances LNG, process plant services with digital portfolio
-Maria Sferruzza
Maria Sferruzza is President, LNG and Global Services for BHGE’s Turbomachinery and Process Solutions (TPS) business, based in Florence, Italy.
Industry Trends: Five trends shaping the North American gas market to 2030
-Yasmine Zhu
The shale revolution has changed the game for the North American natural gas market over the past decade.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.