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Two LNG export projects move forward in the United States

15 Feb 2021

Cheniere Energy has filed a request with the US Federal Energy Regulatory Commission (FERC) to place the third train of its 13.5 Mt/year Corpus Christi liquefaction and export terminal project in Texas (United States) into commercial operation. The first 4.5 Mt/year LNG train started production in November 2018, the second train in June 2019, and the third train is expected in the second half of 2021. The US$15bn project also includes three 160,000 m3 storage tanks. The second phase of the project will include 7 smaller LNG trains of 1.4 Mt/year each (total capacity of 9.5 Mt/year).

In addition, Venture Global LNG has secured a US$500 loan from Bank of America, JPMorgan Chase, Morgan Stanley and Mizuho for its proposed 20 Mt/year (27 bcm/year) Plaquemines LNG export terminal in Plaquemines Parish, Louisiana (United States). The company, which is expected to take the final investment decisions (FID) on the project by mid-2021, plans to start construction work in 2021, with the first liquefaction unit expected to enter service in 2024. The US$8.5bn project should be fully operational in 2025. In addition, Venture Global LNG will also use the loan to fund its 10 Mt/year Calcasieu Pass LNG project in Cameron Parish, Louisiana (expected commissioning in phases starting in 2022). The company is developing another project, the 20 Mt/year Delta LNG export terminal, which is located in Plaquemines Parish (expected in 2024-2025) too.

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