HOUSTON–(BUSINESS WIRE)–Sep. 3, 2019– Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that Substantial Completion of Train 2 of the Corpus Christi liquefaction project was achieved on August 28, 2019. Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) has turned over care, custody, and control of Train 2 to Cheniere.
Cheniere, its subsidiaries, and Bechtel have now declared Substantial Completion on seven liquefaction trains at the Corpus Christi liquefaction project and the Sabine Pass liquefaction project ahead of each train’s guaranteed completion date and within project budgets.
Under sale and purchase agreements (“SPAs”) with Électricité de France, S.A., Iberdrola, S.A., Naturgy Energy Group S.A., PT Pertamina (Persero), and Woodside Energy Trading Singapore Pte Ltd, the date of first commercial delivery is expected to occur in May 2020, upon which the term of each of these SPAs commences.
With the achievement of Substantial Completion, financial results of LNG sales from Train 2 going forward will be reflected in the statement of operations of Cheniere and its applicable affiliates.