Cheniere Energy has awarded lump sum turnkey contracts to Bechtel worth about $10 billion Inc. the Corpus Christi Liquefaction Project, Cheniere said Wednesday.

The Corpus Christi Liquefaction Project is expected to be constructed in stages, with each LNG train commencing operations on a staggered basis. Work under the EPC contract is expected to commence in 2014, subject to Corpus Christi Liquefaction reaching a positive final investment decision.

Operation of the first LNG train is expected to start in 2018.

The contract price of the Stage 1 EPC contract is approximately $7.1 billion and the contract price for the Stage 2 EPC contract is approximately $2.4 billion, Cheniere said.

Total expected costs for the three LNG trains and the related facilities before financing costs are estimated to be between $10.5 billion and $11.0 billion, including an estimate for owner’s costs and contingencies.

The Corpus Christi Liquefaction Project includes up to three LNG trains, each with a design production capacity of approximately 4.5 million tonnes per annum (“mtpa”) of LNG, three LNG storage tanks with capacity of approximately 10.1 billion cubic feet equivalent (“Bcfe”), and two berths that can accommodate vessels with capacity of up to 267,000 cubic meters.

“Our Corpus Christi Liquefaction Project is now fourth on the U.S. DOE’s order of precedence for non-FTA LNG export approvals and is waiting to receive a FERC scheduling notice,” according to Charif Souki, Chairman and CEO of Cheniere.

Bechtel built Cheniere’s existing regasification facilities at the Sabine Pass LNG terminal in Louisiana.

Privately owned Bechtel is headquartered in San Francisco, CA. It has nearly 53,000 employees.


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