Cheniere Achieves First LNG at the Corpus Christi Stage 3 Project

Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) today announced that liquefied natural gas (“LNG”) was produced for the first time from the first train (“Train 1”) of the Company’s Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”). The commissioning process continues, and Cheniere expects substantial completion of Train 1 to be achieved at the end of the first quarter of 2025, over six months ahead of the guaranteed completion date. Upon substantial completion, Bechtel Energy, Inc. (“Bechtel”) will transfer care, custody and control of the completed train to Cheniere.

Full notice to proceed on CCL Stage 3 was issued to Bechtel by Cheniere in June 2022. CCL Stage 3 consists of seven midscale trains, with an expected total production capacity of over 10 million tonnes per annum (“mtpa”) of LNG. As of November 30, 2024, overall project completion for CCL Stage 3 was 75.9%, which reflects engineering 96.8% complete, procurement 97.2% complete, subcontract work 87.7% complete and construction 39.2% complete. Upon substantial completion of all seven trains of CCL Stage 3, the expected total production capacity of the Corpus Christi liquefaction facility will be over 25 mtpa of LNG.

Venture Global’s Plaquemines LNG Achieves Historic First LNG Production

Today, Venture Global announced it has reached first LNG production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana. Achieving this milestone for a 20 MTPA nameplate capacity project 30 months from its Final Investment Decision (FID) makes Plaquemines LNG one of the two fastest greenfield projects to reach first production, along with Venture Global’s first facility Calcasieu Pass. Once fully operational, Plaquemines LNG will be among the largest facilities in the world.

“Venture Global is proud to have a world-class team wholly dedicated to our company’s mission of innovating to provide reliable, low-cost, LNG to the world. Because of their hard work and commitment, Venture Global is executing on our promise to deliver much-needed LNG to our allies and strengthen global energy security and reliability. Reaching first LNG at Plaquemines at this pace will enable the United States to remain the top exporter of LNG in the world. Between current and planned facilities, Venture Global is prepared to invest $50 billion in energy projects based in the United States which will create jobs, support local economies, strengthen the balance of trade and unleash much needed US LNG supply to our allies,” said Venture Global CEO & Co-Founder Mike Sabel.

Plaquemines LNG reached a Final Investment Decision on Phase One in May 2022, and on Phase Two in March 2023. Because of Venture Global’s unique configuration and construction approach, Plaquemines will produce and export LNG while construction and commissioning continues for the remainder of the project’s 36 trains and associated facilities, unlocking significant additional US LNG supply years faster than any other new suppliers of LNG to the rapidly growing global market. This incremental supply has proven to be a valuable geopolitical asset for the United States especially in recent years during a time of historically tight global LNG markets and project delays.