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FERC Gives Green Light for Construction of Corpus Christi LNG Project

FERC on Friday gave the go-ahead for Corpus LNG LP, a partnership between Cheniere Energy and BPU LLC, to begin initial construction of its proposed 2.6 Bcf/d liquefied natural Gas (LNG) import terminal in Corpus Christi, TX.

Corpus Christi LNG will build the LNG import terminal adjacent to a Sherwin Alumina plant on the northern shoreline of Corpus Christi Bay. The partnership owns a 210-acre tract of land and controls 400 additional acres through permanent easements. BPU, an affiliate of Sherwin Alumina, is contributing the land and certain development costs associated with the project in return for a 33.33% limited partnership interest.

Sherwin Alumina, formerly Reynolds Metals Co., has produced alumina near Corpus Christi for more than 48 years and is a large consumer of natural gas.

The proposed terminal will have the capacity to process 2.6 Bcf/d of regasified LNG and will have three LNG storage tanks, with an aggregate storage capacity of 10.1 Bcf of natural gas equivalent [CP04-37]. The facility is expected to be in service by late 2008, according to Cheniere Energy.

The project also calls for the construction of the Cheniere Corpus Christi Pipeline, which will provide takeaway capacity from the terminal. The pipe system will consist of 23 miles of 48-inch diameter facilities, with eight interconnects to existing intrastate and interstate pipelines.

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