Britain To Build A ‘National Flagship’ To Promote Maritime Trade
by Alistair Smout (Reuters) – Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it...
Cheniere Energy announced today it has made a Final Investment Decision (FID) to begin construction of the first two natural gas liquefaction trains at its Corpus Christi Liquefaction (CCL) Project.
Bechtel has been selected at the primary engineering, procurement and construction (EPC) contractor for the $11.5 billion project which includes the first two trains, two LNG storage tanks, one dock and the natural gas supply pipeline.
A total of three trains, three LNG storage tanks, two LNG carrier docks and a 22-mile, 48-inch natural gas pipeline may eventually be built which will enable the export of approximately 13.5 million tonnes per annum (“mtpa”) of LNG.
The first train is expected to start operations as early as 2018, with the second train expected to commence operations approximately six to nine months thereafter.
“We have initiated construction on our second LNG export facility, the Corpus Christi liquefaction project, located on the Coastal Bend of Texas along the Gulf of Mexico. Including our LNG export facility at Sabine Pass, we now have six trains under construction, with first LNG expected at Sabine Pass from Train 1 by year end,” said Charif Souki, Chairman and CEO of Cheniere.
Upon startup of the second LNG train in 2019, Australian energy major Woodside will purchase approximately 0.85 million tonnes of LNG per annum from Corpus Christi Liquefaction. LNG will be purchased on a free on board basis. The price payable by Woodside will be 115% of the monthly Henry Hub price plus US$3.50 per million British thermal unit (MMBtu).
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