Bechtel Given Notice to Proceed with Construction on the Corpus Christi Liquefaction Project

Company to design and build a new liquefaction facility for Cheniere

May 18, 2015, 17:29 ET from Bechtel

HOUSTON, May 18, 2015 /PRNewswire/ -- Bechtel announced today it has received the notice to proceed with the construction of two natural gas liquefaction trains on the Corpus Christi Liquefaction project in Texas. Bechtel is designing and building the liquid natural gas (LNG) export facility for Cheniere Energy, Inc.

"We have initiated construction on our second LNG export facility, the Corpus Christi liquefaction project, located on the Coastal Bend of Texas along the Gulf of Mexico. Including our LNG export facility at Sabine Pass, we now have six trains under construction, with first LNG expected at Sabine Pass from Train 1 by year end," said Charif Souki, Chairman and CEO of Cheniere. "For these major projects, getting to the point of commencing construction represents the culmination of years of dedicated hard work by all of our employees, Bechtel, other strategic partners, and legislative and government officials. We would like to thank all for their efforts and look forward to successful project execution in Corpus Christi."

"Cheniere is developing unprecedented natural gas liquefaction capacity in the United States, and we appreciate the opportunity to continue our successful collaboration," said Jack Futcher, president of Bechtel's Oil, Gas and Chemicals business unit. "Our teams are looking forward to working with Cheniere to deliver another world-class LNG facility building on Bechtel's extensive global expertise."

The Corpus Christi Liquefaction project is designed for up to three trains with expected aggregate nominal production capacity of approximately 13.5 million tonnes per annum, three LNG storage tanks with capacity of approximately 10.1 Bcfe, two LNG carrier docks and a 22-mile, 48" natural gas supply pipeline. The first train is expected to start operations as early as 2018, with the second train expected to commence operations approximately six to nine months thereafter.

Bechtel is the global leader in the LNG industry. The company is responsible for more than a third of LNG liquefaction capacity under construction today, including four projects in Australia and the first LNG export facility in the United States, Cheniere's Sabine Pass Liquefaction project.

About Bechtel

Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right—no matter how big, how complex, or how remote. Bechtel operates through four global business units that specialize in infrastructure; mining and metals; nuclear, security and environmental; and oil, gas, and chemicals. Since its founding in 1898, Bechtel has worked on more than 25,000 projects in 160 countries on all seven continents. Today, our 58,000 colleagues team with customers, partners, and suppliers on diverse projects in 40 countries. www.bechtel.com

Media contact:

Iva Zagar
t. +1 713 235 2088
c. +1 240 344 1173
izagar@bechtel.com

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SOURCE Bechtel



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