Cheniere Announces Substantial Completion of Train 6 at the Sabine Pass Liquefaction Project
07 Février 2022 - 02:30PM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP), a subsidiary of Cheniere Energy, Inc. (“Cheniere”)
(NYSE American: LNG), announced today that Substantial Completion
of Train 6 at the Sabine Pass liquefaction project in Cameron
Parish, Louisiana (the “SPL Project”) was achieved on February 4,
2022. Commissioning is complete and Cheniere’s engineering,
procurement and construction partner, Bechtel Oil, Gas and
Chemicals, Inc. (“Bechtel”) has turned over care, custody, and
control of Train 6 to Cheniere Partners.
Cheniere Partners and Bechtel have now declared Substantial
Completion on all six liquefaction trains at the SPL Project ahead
of each train’s guaranteed completion date and within project
budgets. With the achievement of Substantial Completion, financial
results of liquefied natural gas (“LNG”) sales from Train 6 going
forward will be reflected in the statement of operations of
Cheniere Partners and its applicable affiliates.
“The accelerated completion of Train 6 once again reflects the
world-class standard of execution consistently achieved by the
Cheniere and Bechtel teams, and we are proud to have the six train
vision of Sabine Pass completed safely, ahead of schedule and on
budget,” said Jack Fusco, Chairman, President and CEO of Cheniere
Partners. “With nine total trains across both the Sabine Pass and
Corpus Christi projects, the Cheniere liquefaction platform is the
second largest in the world, reliably providing our global customer
base with clean, secure and affordable energy. We look forward to
opportunities to build upon our platform with disciplined,
brownfield growth at both sites in the future.”
“Cheniere Partners plays a vital role in delivering reliable and
safe energy to communities around the world,” said Brendan Bechtel,
Chairman and CEO of Bechtel. “For us to be involved in supporting
the development of these extraordinary projects is a great source
of pride and we’re honored to help bring Cheniere’s vision to
reality.”
“We have built a great partnership, based on trust and shared
goals, that continues to deliver cleaner and more affordable energy
for an ever-rising global demand for lower carbon alternatives,”
added Paul Marsden, President of Bechtel Energy.
About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in
Cameron Parish, Louisiana, which has natural gas liquefaction
facilities consisting of six operational liquefaction Trains, with
a total production capacity of approximately 30 mtpa of LNG. The
Sabine Pass LNG terminal also has operational regasification
facilities that include five LNG storage tanks, vaporizers, and two
marine berths with a third marine berth under construction.
Cheniere Partners also owns the Creole Trail Pipeline, which
interconnects the Sabine Pass LNG terminal with a number of large
interstate pipelines.
For additional information, please refer to the Cheniere
Partners website at www.cheniere.com and Quarterly Report on Form
10-Q for the quarter ended September 30, 2021, filed with the
Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements
of historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere Partners’ financial and operational guidance, business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding regulatory authorization and approval
expectations, (iii) statements expressing beliefs and expectations
regarding the development of Cheniere Partners’ LNG terminal and
liquefaction business, (iv) statements regarding the business
operations and prospects of third parties, (v) statements regarding
potential financing arrangements, (vi) statements regarding future
discussions and entry into contracts, and (vii) statements
regarding the COVID-19 pandemic and its impact on our business and
operating results. Although Cheniere Partners believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere
Partners’ actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners’
periodic reports that are filed with and available from the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required under the
securities laws, Cheniere Partners does not assume a duty to update
these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220204005359/en/
Cheniere Energy Partners, L.P.
Investors Randy Bhatia
713-375-5479
Frances Smith 713-375-5753
Media Relations Eben Burnham-Snyder
713-375-5764
Cheniere Energy Partners (AMEX:CQP)
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