Cheniere has made a positive final investment decision on their seven train Corpus Christi LNG Stage 3 Expansion Project. The facility will add 10+ Mtpa in capacity to the existing Corpus Christi LNG footprint, and Cheniere intends to begin delivering new volumes by year-end 2025.
Cheniere Energy and Conoco have signed a pair of Long-Term LNG Sale and Purchase Agreements which will provide a total of 1 Mtpa in LNG supply. The first deal includes 1 Mtpa of LNG delivered on a free-on-board basis starting in 2026. They will ramp to the full 1 Mtpa in 2027 and the contract runs through 2042.
The second SPA deal includes another 1 Mtpa from Cheniere Marketing and would begin in 2027 and extend for 15 years. However, the second SPA is contingent on "Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project." That requirement is notable, as it indicates Cheniere is looking into further expansions of the Corpus Christi LNG facility.