financetom
Business
financetom
/
Business
/
Cheniere Energy unsure of first gas from Corpus Christi by year's end
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cheniere Energy unsure of first gas from Corpus Christi by year's end
Jun 26, 2024 9:27 AM

HOUSTON, June 26 (Reuters) -

The largest U.S. liquefied natural gas (LNG) developer

Cheniere Energy Inc ( LNG ) will not know until September when

it will be able to produce first LNG from its Corpus Christi

Stage 3 LNG export facility, said Bechtel General Manager of LNG

Bhupesh Thakkar.

Cheniere has told the market it was aiming to produce

first LNG by the end of the year, but Thakkar said that goal was

not yet guaranteed even though they are working hard.

"We are targeting together to make first LNG by the end of

the year," said Thakkar, adding: "around August or September we

will know what is the probability of getting this."

Labor shortages particularly among skilled construction

workers has to be overcome, he said. Bechtel and Cheniere are

working together and will not give up, but the schedule target

will not take a priority over safety.

Rising labor costs

due to a shortage of craft labor have posed a major

challenge to LNG projects and increased costs over the last two

years.

Weather conditions including the current hurricane season

could play a major role, said Cheniere's Chief Operating Officer

Corey Grindal who was speaking at a fireside chat at LNG 2024

conference in Houston.

Grindal said something like a hurricane could make the

difference and the focus was on safely bringing LNG to the

market.

Forecasters are predicting an above average hurricane season

this year with up to seven major hurricanes forming in the

Atlantic basin between June 1 and Nov. 30.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved