ExpansionMay 28, 2026, 08:41 AM
Cheniere Partners Signs $4.69B EPC Contract for LNG Expansion
AI Summary
Cheniere Energy Partners' subsidiary, Sabine Pass Liquefaction Stage V, LLC (SPLV), has entered into a $4.69 billion Engineering, Procurement and Construction (EPC) contract with Bechtel Energy, Inc. for Phase 1 of the Sabine Pass LNG Stage V Liquefaction Project. This phase includes Train 7 and a boil-off gas re-liquefaction unit, expected to add over 6 mtpa of LNG production capacity. A limited notice to proceed has been issued, with a final investment decision for Phase 1 projected by early 2027, pending regulatory approvals and financing.
Key Highlights
- SPLV signed a $4.69 billion EPC contract with Bechtel for Sabine Pass LNG Stage V Phase 1.
- Phase 1 includes Train 7 and a boil-off gas re-liquefaction unit (BOGR).
- Phase 1 is expected to add over 6 million tonnes per annum (mtpa) of LNG production capacity.
- The full SPL Expansion Project targets up to 20 mtpa total peak production capacity.
- A limited notice to proceed was issued on May 22, 2026.
- Final investment decision for Phase 1 is anticipated by early 2027.
- Bechtel Global Energy, Inc. guarantees Bechtel's obligations under the contract.
Price Impact
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