Cheniere confirms approval for Corpus Christi Midscale project

Cheniere Energy, Inc. has made a significant announcement regarding the positive Final Investment Decision on the Corpus Christi Midscale Trains 8 & 9 and Debottlenecking Project. This project aims to increase its liquefaction capacity by approximately 5 million tonnes per annum, expanding their existing LNG platform by over 10% to more than 60 million tonnes per annum by 2028. The company has reported that more than 90% of this capacity is long-term contracted, ensuring future stability and growth.

In addition to this project, Cheniere plans to boost its annualized dividend by more than 10% from $2.00 to $2.22 per common share for the third quarter of 2025. The company is expected to utilize over $25 billion of available cash through 2030, focusing on accretive growth, share repurchases, balance sheet management, and dividends.

Looking ahead, Cheniere is targeting over $25 per share of run-rate Distributable Cash Flow by the early 2030s. This ambitious goal underscores the company’s commitment to long-term financial health and sustainable growth.

As part of the FID, Cheniere’s Board of Directors has approved the full notice to proceed to Bechtel Energy, Inc. for the construction of CCL Midscale Trains 8 & 9. These two midscale trains, expected to add a total liquefaction capacity of over 3 million tonnes per annum of LNG, will be located adjacent to the Corpus Christi Stage 3 Project. Once these trains are operational, in conjunction with other expansions and debottlenecking efforts, the Corpus Christi LNG terminal is projected to exceed 30 mtpa in total liquefaction capacity by the end of this decade.

In line with this expansion, Cheniere has updated its run-rate LNG production outlook, showcasing an increase in liquefaction capacity across its Sabine Pass and Corpus Christi facilities. With planned expansions and debottlenecking initiatives, the company anticipates a capacity increase of more than 10% to over 60 mtpa, solidifying its position as a major player in the LNG market.

Looking ahead, Cheniere is also working on further capacity expansions at its Corpus Christi and Sabine Pass terminals. These expansions are expected to be carried out in phases, ultimately growing the company’s LNG platform to approximately 75 mtpa of capacity by the early 2030s.

Cheniere’s capital allocation plan remains robust, with a focus on maximizing shareholder value. The company is on track to achieve its ’20/20 Vision’ capital allocation targets, deploying capital towards strategic growth initiatives and enhancing shareholder returns through buybacks and dividends. The projected availability of over $25 billion in cash through 2030 positions Cheniere for sustained growth and financial stability in the years to come.

Cheniere’s management team expressed optimism and confidence in the company’s growth strategy. Jack Fusco, President and CEO of Cheniere, highlighted the teamwork and commitment that went into reaching this milestone, emphasizing the importance of executing projects safely, on time, and within budget. Zach Davis, Executive Vice President and CFO, reiterated the company’s commitment to operational excellence and financial discipline, underscoring the significant progress made towards achieving their capital allocation plan goals.

Overall, Cheniere Energy, Inc.’s announcement of the Final Investment Decision on the Corpus Christi Midscale Trains 8 & 9 and Debottlenecking Project signals a new chapter in the company’s growth story. With expanded capacity, strategic investments, and a clear financial roadmap, Cheniere is positioning itself for long-term success and leadership in the LNG industry.