Cheniere, Bechtel Sign Contract To Expand Corpus Christi LNG Terminal
Bechtel gets the go-ahead to begin early engineering and procurement work under a limited notice to proceed.
Cheniere Energy’s subsidiary Cheniere Corpus Christi Liquefaction Stage III LLC (CCL Stage III) has entered into a lump sum, turnkey, engineering, procurement, and construction contract with Bechtel for the Corpus Christi Stage III Project in Texas and has released Bechtel to begin early engineering and procurement and other site work at the project under a limited notice to proceed (LNTP).
The Corpus Christi Stage III Project is a fully permitted project comprising up to seven midscale trains, each with an expected liquefaction capacity of approximately 1.49 mtpa with a total production capacity of more than 10 mtpa. CCL Stage III said, “The project is commercially underpinned by long-term agreements with creditworthy counterparties.”
Jack Fusco, Cheniere’s president and CEO, said the signing of the EPC contract and the issuance of LNTP mark important steps toward a final investment decision on the project, expected to occur this summer.
In December 2021, Cheniere said the project had been delayed by the COVID-19 pandemic and requested an extension from the Federal Energy Regulatory Commission.