Cheniere Energy Inc. said Tuesday it expects to take a final investment decision (FID) next year for the Stage 3 expansion at its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.

LNG

Executives said the Houston operator is focused on lining up commercial contracts for the expansion, which could add more than 10 million metric tons/year (mmty) to Corpus Christi’s capacity. The company is aiming to sign long-term contracts with “diverse credit-worthy customers from Asia, Europe and North America,” CEO Jack Fusco said.

Cheniere’s efforts to address environmental, social and governance issues have “real commercial application,” Fusco said, helping the company sign term deals this year. Among those efforts are steps to certify the emissions...