FERC authorizes Cheniere to construct Corpus Christi LNG terminal

The U.S. Federal Energy Regulatory Commission has authorized Cheniere to site, construct, and operate LNG export and import facilities on the northern shore of Corpus Christi Bay in San Patricio and Nueces Counties, Texas.

The application was filed on August 31, 2012, together with an application to construct and operate a 23-mile-long, 48-inch-diameter pipeline to transport natural gas bi-directionally between the liquefaction project and existing interstate and intrastate natural gas pipeline systems.

FERC concluded in its filing that Corpus Christi liquefaction’s project results in minimal environmental impacts and can be constructed and operated safely.

Cheniere recently engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $11.5 billion of debt facilities.

The Corpus Christi Liquefaction project would have a capacity of approximately 15 mtpa of LNG through three liquefaction trains. It would include three 160,000 m3 LNG tanks capable of storing 10.1 Bcf, and will have a maximum continuous regasification rate of 2.6 Bcf/d.

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LNG World News Staff; Image: Cheniere