Cheniere Initiates Permitting Process for Significant Expansion of LNG Export Capacity at Sabine Pass
February 23 2023 - 07:15AM
Business Wire
SPL Expansion Project is being designed for
approximately 20 million tonnes per annum and is expected to
leverage existing infrastructure at Sabine Pass
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP), a subsidiary of Cheniere Energy, Inc. (“Cheniere”)
(NYSE American: LNG), announced today that certain of its
subsidiaries have initiated the pre-filing review process under the
National Environmental Policy Act with the Federal Energy
Regulatory Commission (“FERC”) for the proposed Sabine Pass Stage 5
Expansion Project (the “SPL Expansion Project”) adjacent to the
existing Sabine Pass Liquefaction Project (the “SPL Project”). The
SPL Expansion Project is being designed for total production
capacity of approximately 20 million tonnes per annum (“mtpa”) of
liquefied natural gas (“LNG”).
The SPL Expansion Project is being designed to include up to
three large-scale liquefaction trains, each with a production
capacity of approximately 6.5 mtpa of LNG, a boil-off-gas (“BOG”)
re-liquefaction unit with an approximate production capacity of
0.75 mtpa of LNG, and two 220,000m3 LNG storage tanks. The SPL
Expansion Project is being designed with accommodations for waste
heat recovery as well as carbon capture from acid gas removal
units.
The SPL Expansion Project is expected to benefit from the
significant existing infrastructure at the SPL Project and
contemplates various enhancements to its current capabilities,
including optimized ship loading at the existing marine facilities.
Feed gas related to the SPL Expansion Project is expected to be
transported via a combination of new and existing pipelines
currently supplying the SPL Project.
Cheniere Partners has engaged Bechtel Energy, Inc. to complete a
Front-End Engineering and Design (FEED) study of the SPL Expansion
Project.
“As the first and largest LNG export facility in the Lower 48,
Sabine Pass has pioneered an industry critical to supplying
reliable, flexible, and cleaner burning natural gas to markets and
customers around the world, and we look forward to significantly
growing those capabilities through the SPL Expansion Project,” said
Jack Fusco, Chairman, President and CEO of Cheniere Partners. “The
SPL Expansion Project is being designed to leverage the
infrastructure platform we’ve built at Sabine Pass to deliver
economically advantaged incremental LNG capacity in a safe and
environmentally responsible manner. We are committed to developing
the SPL Expansion Project utilizing the same rigorous and
financially disciplined approach to project development and capital
investment that’s become synonymous with the Cheniere brand.”
The development of the SPL Expansion Project, and any necessary
supporting infrastructure, is subject to receipt of all required
regulatory approvals and permits, and sufficient commercial and
financing arrangements before a final investment decision (“FID”)
can be reached.
About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in
Cameron Parish, Louisiana, which has natural gas liquefaction
facilities consisting of six liquefaction Trains with a total
production capacity of approximately 30 million tonnes per annum of
liquefied natural gas. The Sabine Pass LNG terminal also has
operational regasification facilities that include five LNG storage
tanks, vaporizers, and three marine berths. Cheniere Partners also
owns the Creole Trail Pipeline, which interconnects the Sabine Pass
LNG terminal with a number of large interstate and intrastate
pipelines.
For additional information, please refer to the Cheniere
Partners website at www.cheniere.com and Annual Report on Form 10-K
for the year ended December 31, 2022, filed with the Securities and
Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements
of historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere Partners’ financial and operational guidance, business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding Cheniere Partners’ anticipated quarterly
distributions and ability to make quarterly distributions at the
base amount or any amount, (iii) statements regarding regulatory
authorization and approval expectations, (iv) statements expressing
beliefs and expectations regarding the development of Cheniere
Partners’ LNG terminal and liquefaction business, (v) statements
regarding the business operations and prospects of third-parties,
(vi) statements regarding potential financing arrangements, and
(vii) statements regarding future discussions and entry into
contracts. Although Cheniere Partners believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere
Partners’ actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners’
periodic reports that are filed with and available from the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required under the
securities laws, Cheniere Partners does not assume a duty to update
these forward-looking statements.
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Cheniere Partners Investors Randy
Bhatia 713-375-5479 Frances Smith 713-375-5753
Media Relations Eben Burnham-Snyder
713-375-5764
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