US-based Bechtel has entered a contract with Cheniere Energy’s subsidiary Cheniere Corpus Christi Liquefaction Stage III (CCL Stage III) for engineering, procurement and construction of Corpus Christi Stage III Project.
Under a limited notice to proceed (LNTP), Bechtel has been appointed to commence early engineering, procurement and other site work at the site.
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This is a completely permitted project comprising up to seven midscale trains.
Each train has an expected liquefaction capacity of about 1.49 million tonnes per annum (mtpa) with a total production capacity of above 10mtpa.
Corpus Christi Stage III Project is supported commercially by long-term agreements with counterparties.
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Cheniere Energy president and chief executive officer Jack Fusco said, “We are pleased to once again partner with Bechtel on the Corpus Christi Stage III Project, and we look forward to building upon the unmatched track record for execution excellence the Cheniere and Bechtel relationship has established while successfully building our LNG platform.
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By GlobalData“The signing of this EPC contract and the issuance of LNTP mark important steps towards a Final Investment Decision on the project, which we expect to occur this summer. We are excited to have the project underway and are focused on the remaining steps required in order to reach FID.
“The Corpus Christi Stage III Project commences as global LNG market fundamentals highlight the criticality of natural gas in the global energy mix. We look forward to providing our customers with reliable and flexible LNG from the Corpus Christi Stage III Project starting in 2025.”
Bechtel chairman and CEO Brendan Bechtel said: “Cheniere’s award of the EPC contract for the third phase of the LNG development at the Corpus Christi complex is another important step in our long-term partnership to deliver affordable cleaner energy to the world.
“The industry leading results we have helped Cheniere achieve over the last nine years are a testament to the power of a ‘One Team’ approach built upon shared goals and trust.”
—————————————————————————————————————–Image: Bechtel has been appointed to commence early engineering, procurement and other site work at the site. Credit: SatyaPrem from Pixabay.
