Cheniere Begins LNG Production at Corpus Christi Stage 3 Project

Zacks2024-12-31

Cheniere Energy, Inc. LNG, a leading player in the liquefied natural gas (“LNG”) industry, has announced a significant achievement in its Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). The...

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The...</p>\n\n<a href=\"https://finance.yahoo.com/news/cheniere-begins-lng-production-corpus-113000352.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheniere Begins LNG Production at Corpus Christi Stage 3 Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheniere Begins LNG Production at Corpus Christi Stage 3 Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-31 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cheniere-begins-lng-production-corpus-113000352.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cheniere Energy, Inc. LNG, a leading player in the liquefied natural gas (“LNG”) industry, has announced a significant achievement in its Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). The...</p>\n\n<a href=\"https://finance.yahoo.com/news/cheniere-begins-lng-production-corpus-113000352.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0788109394.HKD","symbol_name":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/cheniere-begins-lng-production-corpus-113000352.html","article_id":"2495669799","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495669799","pubTimestamp":1735644600,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cheniere Energy, Inc. LNG, a leading player in the liquefied natural gas  industry, has announced a significant achievement in its Corpus Christi Stage 3 Liquefaction Project . The project has reached a milestone with the first production of LNG from Train 1, marking the commencement of a new phase in the company's expansion efforts. Although the commissioning process is still in progress, Cheniere expects Train 1 to be substantially completed by the end of the first quarter of 2025, which is more than six months ahead of schedule.The successful development of CCL Stage 3 will significantly enhance Cheniere's global LNG footprint. With the expansion of the Corpus Christi facility, Cheniere will further set its leadership in the global LNG industry, meeting the rising demand for cleaner energy sources. The project’s scale and scope position Cheniere as a key player in the energy transition, as countries around the world seek al","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","BK4144":"石油与天然气的储存和运输","LNG":"Cheniere Energy Inc","OII":"国际海洋工程","CQP":"Cheniere Energy Partners L.P.","BK4585":"ETF&股票定投概念","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0251142724.SGD":"Fidelity America A-SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","BK4588":"碎股","FTI":"德希尼布FMC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0122376428.USD":"贝莱德世界能源基金A2","OVV":"Ovintiv Inc.","BK4517":"邮轮概念","BK4179":"石油天然气设备与服务","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","BK4547":"WSB热门概念","CCL":"嘉年华邮轮","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4142":"酒店、度假村与豪华游轮","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","BK4213":"石油与天然气的勘探与生产","SSI":"Stage Stores Inc"},"translate_title":"切尼尔开始在科珀斯克里斯蒂三期项目生产液化天然气","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSI":1,"OVV":1,"OII":1,"LNG":1,"CQP":0.9,"FTI":0.9,"CCL":0.9},"content_text":"Cheniere Energy, Inc. LNG, a leading player in the liquefied natural gas (“LNG”) industry, has announced a significant achievement in its Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). The project has reached a milestone with the first production of LNG from Train 1, marking the commencement of a new phase in the company's expansion efforts. Although the commissioning process is still in progress, Cheniere expects Train 1 to be substantially completed by the end of the first quarter of 2025, which is more than six months ahead of schedule.\nLNG’s CCL Stage 3: Expanding Production Capacity\nThe CCL Stage 3 project is an integral component of Cheniere's strategy to expand its liquefaction capacity and strengthen the company’s position in the global LNG market. The project consists of seven midscale LNG trains, designed to enhance the production capacity of the Corpus Christi Liquefaction facility in Texas. Once completed, the project will increase the facility's total production capacity to more than 25 million tons per annum (mtpa) of LNG.\nProgress and Timeline for Completion\nAs of Nov. 30, 2024, the overall project completion was 75.9%, with substantial progress across various phases of the project. The engineering phase was nearly finished, with 96.8% of the work completed. Procurement efforts were also nearing completion, with 97.2% of the necessary materials and equipment secured. Subcontract work was 87.7% complete, and construction, though behind in comparison to other areas, had reached 39.2% completion.\nThe oil and gas storage and transportation company issued the full notice to proceed to Bechtel Energy, Inc., the project’s primary contractor, in June 2022. Since then, Bechtel has worked diligently to advance the project and Train 1's successful LNG production marks a major step forward. After substantial completion of Train 1, Bechtel will transfer care, custody and control of the completed train to Cheniere, marking the official handover of the unit for operation.\nRole of Bechtel in the CCL Stage 3 Project\nBechtel Energy plays a crucial role in the execution of the CCL Stage 3 project. As the main contractor, Bechtel is responsible for overseeing the construction, engineering and procurement aspects of the project. The company's expertise in large-scale energy infrastructure projects has been instrumental in advancing the development of the seven midscale trains. This work is expected to help Cheniere meet the increasing demand for LNG in domestic and international markets.\nImpact on Cheniere’s Long-Term Growth and Market Presence\nThe successful development of CCL Stage 3 will significantly enhance Cheniere's global LNG footprint. With the expansion of the Corpus Christi facility, Cheniere will further set its leadership in the global LNG industry, meeting the rising demand for cleaner energy sources. The project’s scale and scope position Cheniere as a key player in the energy transition, as countries around the world seek alternatives to coal and oil.\nThe addition of more than 10 mtpa in LNG production capacity from CCL Stage 3 will enable Cheniere to supply a larger volume of LNG to markets in Asia, Europe and beyond. This will also contribute to the company’s ability to diversify its customer base and strengthen long-term contracts with key global energy players.\nStrategic Importance of CCL Stage 3 for U.S. LNG Exports\nThe Corpus Christi Liquefaction facility is one of the largest LNG export facilities in the United States and its expansion through CCL Stage 3 holds immense strategic importance for U.S. LNG exports. With its proximity to major natural gas pipelines and access to the Gulf Coast’s infrastructure, the Corpus Christi facility is well-positioned to serve global LNG demand.\nCCL Stage 3 is expected to further enhance U.S. LNG exports, aligning with the broader goal of increasing energy exports from the United States. As countries around the world transition to natural gas as a cleaner energy source, U.S. LNG will play an increasingly important role in meeting global energy needs while supporting energy security.\nRoad Ahead: Substantial Completion and Prospects\nCheniere's aggressive timeline for the completion of Train 1 and the overall CCL Stage 3 project highlights the company's commitment to enhancing its LNG production capabilities. With the expected substantial completion of Train 1 at the end of first-quarter 2025, Cheniere is poised to accelerate its LNG production and delivery to international markets.\nLooking ahead, Houston-based the leading producer and exporter of LNG will continue to focus on completing the remaining six trains of CCL Stage 3, which will bring the facility’s total LNG production capacity to more than 25 mtpa. Once all seven trains are operational, the Corpus Christi Liquefaction facility will become one of the largest LNG export terminals in the world, cementing Cheniere’s leadership in the global LNG market.\nLNG’s Zacks Rank & Other Key Picks\nCurrently, LNG has a Zacks Rank #2 (Buy).\nInvestors interested in the energy sector might look at some other top-ranked stocks like TechnipFMC plc FTI and Oceaneering International, Inc. OII each sporting a Zacks Rank #1 (Strong Buy) and Ovintiv Inc. OVV, carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nTechnipFMC is valued at $12.35 billion. In the past year, its shares have risen 43.7%.  London-based FTI is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry.\nOceaneering International is valued at $2.55 billion. In the past year, its shares have risen 20.8%. OII is one of the leading suppliers of offshore equipment and technology solutions to the energy industry.\n\nOvintiv is valued at $10.07 billion. This company currently pays a dividend of $1.2 per share, or 3.1%, on an annual basis. OVV is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada.\n\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTechnipFMC plc (FTI) : Free Stock Analysis Report\nOceaneering International, Inc. (OII) : Free Stock Analysis Report\nCheniere Energy, Inc. (LNG) : Free Stock Analysis Report\nOvintiv Inc. (OVV) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495669799"}