US LNG plants prepare to increase gas supplies

American Cheniere Energy has made the final decision to expand the capacity of the Corpus Christi LNG plant by 10 million tons per year by 2025, Kommersant reports.

“American Cheniere Energy, the largest LNG operator in the United States, has made a final investment decision (FID) to increase the capacity of the Corpus Christi LNG plant by 10 million tons per year (up to 25 million tons, respectively),” the message says. 

This is the third stage of expanding US LNG projects, after steps taken in 2016-2017 and 2020-2022. 

To implement the project, Corpus Christi Holdings, a subsidiary of Cheniere, has attracted a $4 billion secured loan maturing in 2029, as well as a $1.5 billion credit line maturing in 2027. The company specifies that these funds should cover approximately half of the cost of expanding production and related infrastructure, including an increase in the capacity of the feed gas pipeline. Cheniere plans to provide the rest of the funding from its own funds

Tags: gas, LNG

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