Corpus Christi LNG
Corpus Christi Liquefaction, LLC (Corpus Christi Liquefaction), a subsidiary of Cheniere Energy, is developing and constructing a liquefied natural gas (LNG) export terminal at one of Cheniere's existing sites that was previously permitted for a regasification terminal. The liquefaction project is being designed for three trains with expected aggregate nominal production capacity of up to 13.5 million tonnes per annum (mtpa) of LNG. Up to seven midscale liquefaction trains adjacent to the CCL Project (“Corpus Christi Stage 3”) are also being developed. The total expected nominal production capacity of the seven midscale trains is approximately 9.5 mtpa of LNG.
The Corpus Christi site is located on the La Quinta Channel on the northeast side of Corpus Christi Bay in San Patricio County, Texas, on over 1,000 acres owned or controlled by Cheniere and is approximately 15 nautical miles from the coast.
Cheniere made a Final Investment Decision (FID) and issued the notice to proceed to commence construction on the first two liquefaction trains on May 13, 2015, and is continuing to market nominal production capacity from Train 3. To date, 8.42 mtpa has been contracted to third party, foundation customers on a long-term FOB basis under sale and purchase agreements (SPAs). Foundation customers include Pertamina, Endesa, Iberdrola, Gas Natural Fenosa, Woodside, EDF and EDP. Trains 1&2 are fully contracted and Train 3 is partially contracted. Any excess capacity not sold under long-term SPAs to foundation customers is available for Cheniere Marketing.
Our business model differs from other U.S. LNG projects in that in addition to processing natural gas into LNG (tolling model), we will procure the natural gas supply used for feedstock. Once the natural gas is liquefied, the customer takes delivery at the tailgate of the terminal. As a result, Cheniere is expected to become one of the largest buyers of natural gas in the U.S. once all of the trains are operational.
Access to Gas Supply
The Corpus Christi Liquefaction Project is positioned near some of the most prolific oil and gas producing regions in the country. Texas alone produced 27% of total U.S. marketed gas production during 2015, according to data from the U.S. Energy Information Agency. The Cheniere Corpus Christi 23-mile 48” pipeline connects the Corpus Christi LNG plant to several interstate and intrastate pipelines, giving the facility access to robust gas resources in Texas and the Gulf Coast. In addition, Cheniere has transport capacity on third-party pipelines under long-term agreements. Natural gas supply is purchased from producers and marketers on a short and long-term basis to form a balanced portfolio of natural gas feedstock.
Corpus Christi Liquefaction Project April 2016