Corpus Christi LNG

Record prices and the need for energy security are driving US LNG market momentum.

The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.

The LNG provider has firmed up financing that will allow it to proceed with construction of the third stage of the Texas coast liquefaction project.

New projects coming on line throughout the year will vault the nation ahead of Australia and Qatar.

Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.