Cheniere signs deal with Bechtel to expand US LNG export capacity
Cheniere signs deal with Bechtel to expand US LNG export capacity May 28 (Reuters) - Cheniere Energy Partners CQP.N said on Thursday it had signed a contract with Bechtel Energy for engineering, procurement and construction for the first phase of its Sabine Pass LNG expansion project in Cameron Parish, Louisiana.
Here are more details:
The Sabine Pass LNG terminal has natural gas liquefaction facilities with a total production capacity of over 30 million tonnes per annum (mtpa) of LNG in operation.
The terminal allows the U.S. to export its abundant shale gas (sourced from Permian and Haynesville basins), bolstering the U.S. trade balance and providing geopolitical allies with an alternative to Russian or Middle Eastern gas.
The first phase of the project includes Train 7, a boil-off gas re-liquefaction unit and related infrastructure tied to the existing Sabine Pass LNG terminal.
The company expects to reach a final investment decision on the first phase by early 2027.
Cheniere also said it had issued Bechtel a limited notice to proceed, allowing early engineering and procurement work to begin.
Phase 1 has an expected total production capacity of over 6 mtpa of LNG.
(Reporting by Dharna Bafna in Bengaluru; Editing by Diti Pujara)
((Dharna.Bafna@thomsonreuters.com))
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Brief: Cheniere Partners Signs EPC Contract With Bechtel For First Phase Of Sabine Pass Expansion Project