A top Cheniere executive provided an update on the project at an energy conference in Houston on Monday, months after the company first revealed that it was hoping to build a marine and storage terminal on a 552-acre site along the La Quinta Ship Channel.
The first four trains are nearing the finish line, putting Cheniere on track to produce its first batch of LNG later this year, but work can’t start on the expansion project until Cheniere makes a final investment decision.
Cheniere plans to expand its liquefied natural gas empire, adding two additional production units in Corpus Christi and partnering with a smaller Houston-based LNG company to build new projects in Louisiana.
HOUSTON — The surge in liquefied natural gas as a transportation fuel for truck fleets and ships could displace oil demand by more than 1.5 million barrels a day by 2030, according to a new study by IHS Energy. While 1.5 million barrels of oil may not seem like a large chunk of the 93.6 […]
Cheniere Energy is ready to start construction on an expansion of its Sabine Pass liquefied natural gas export terminal, but it can’t start work until federal regulators dismiss an environmental group’s request to intervene.
With the move late Tuesday, the Energy Department is allowing Cheniere to export as much as 2.1 billion cubic feet per day of liquefied natural gas over the next 20 years from the planned facility to countries with which the United States does not have free trade agreements.
The company announced a major restructuring of the business last December that includes 1,000 job cuts and a reduction in business segments to five from 16 that it said will result in a $200 million annual cost reduction.
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