Corpus Christi LNG

Texas Natural Gas Exports Via Corpus Christi Up 50%-Plus

Texas Natural Gas Exports Via Corpus Christi Up 50%-Plus

For the first four months of 2022, liquefied natural gas (LNG) exports from Texas’ Port of Corpus Christi were up 56.2% over the previous tonnage record set in January through April 2020, the port authority said Monday. The Port of Corpus Christi’s CEO Sean Strawbridge said “we have the table set for meeting the increasing…

May 24, 2022
Cheniere Commercializes Corpus Stage 3; Sees LNG ‘Tailwinds’ Lifting Business in 2022

Cheniere Commercializes Corpus Stage 3; Sees LNG ‘Tailwinds’ Lifting Business in 2022

Cheniere Energy Inc. said Thursday it has extended a natural gas supply agreement with EOG Resources Inc., concluding the commercial deals it needs to move ahead this summer with a final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The expanded integrated production marketing (IPM) agreement…

February 24, 2022
Cheniere Asks FERC for More Time to Expand Corpus Christi LNG

Cheniere Asks FERC for More Time to Expand Corpus Christi LNG

Cheniere Energy Inc. has requested more time from FERC to build and bring online its planned expansion at the Corpus Christi liquefied natural gas (LNG) terminal in South Texas, citing delays caused by the Covid-19 pandemic.  Cheniere, one of the largest gas buyers in the country and the nation’s largest LNG exporter, said it needs…

December 9, 2021
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

November 29, 2021

Calcasieu Pass LNG Ready for Initial Commissioning — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Venture Global Inc. has requested authorization from FERC to commission its first block of smaller, modular liquefaction trains at the Calcasieu Pass LNG terminal in Louisiana. The company requested that commissioning be allowed to begin by Friday (Oct. 29).  FERC has granted Cheniere Energy Inc.…

October 26, 2021
Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday. Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023.…

October 25, 2021
Cheniere Inks Long-Term LNG Deal With China’s ENN in Another Sign of Market Strength

Cheniere Inks Long-Term LNG Deal With China’s ENN in Another Sign of Market Strength

Cheniere Energy Inc. has agreed to supply liquefied natural gas (LNG) to Chinese utility ENN Natural Gas Co. Ltd. for 13 years beginning in July 2022.  Under the sales and purchase agreement (SPA), subsidiary ENN LNG Pte Ltd. would purchase 900,000 metric tons annually on a free-on-board basis. ENN would pay prices indexed to Henry…

October 11, 2021
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

September 13, 2021
Cheniere Eyes 2022 to Sanction Corpus Christi LNG Stage 3

Cheniere Eyes 2022 to Sanction Corpus Christi LNG Stage 3

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. Executives said the Houston operator is focused on lining up commercial contracts for the expansion, which could add more than 10…

September 10, 2021
Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses

Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses

Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further.  The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133…

August 5, 2021
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