Cheniere approves Corpus Christi LNG expansion, updates company outlook

Cheniere Energy announced on June 24 that its board has made a positive final investment decision (FID) on the Corpus Christi Midscale Trains 8 and 9 expansion project in Texas. The company has issued a full notice to proceed to Bechtel for the construction.

The project consists of two midscale trains with an expected total liquefaction capacity of over three million tonnes per annum (mtpa) of liquefied natural gas (LNG). This expansion will increase Cheniere’s total run-rate production capacity across its Sabine Pass and Corpus Christi facilities by over ten per cent to more than 60 mtpa by 2028.

Alongside the FID, Cheniere updated its capital allocation plan. The company now expects to deploy over $25 billion of available cash through 2030 on growth, share repurchases, and dividends. It also plans to increase its third-quarter 2025 dividend by over ten per cent to $2.22 per share.

Jack Fusco, Cheniere’s CEO, noted that the adjacent Corpus Christi Stage 3 project is also progressing, with its first train achieving substantial completion in March and its second train achieving first LNG production this month. The company is also developing further single-train expansions at both sites.