GREGORY, Texas – Texas is now a key player in the market for liquefied natural gas, or LNG.
The Houston-based Cheniere Energy celebrated the opening of its new Corpus Christi Liquefaction Facility with Gov. Greg Abbott and U.S. Secretary of Commerce Wilbur Ross present.
“Investments like this is why Texas has the strongest economy in the entire country,” Abbott said. “Texas has led the country in exports for 16 years in a row. With this project, we’re just going to elevate the amount of exports we continue to amass every single year.”
This is the first greenfield liquefaction plant built in the lower 48 states, according to the company.
“The facility’s initial startup is the result of years of hard work from our talented employees and construction partner, Bechtel, and the support we have received from our customers, elected officials, federal and regional agencies, community partners, and stakeholders,” said Jack Fusco, Cheniere’s President and CEO, in a statement.
With Cheniere’s existing Sabine Pass liquefaction facility in Louisiana, it’s estimated this is a combined $30 billion in U.S. energy infrastructure. The company expects this will create a nearly $5 billion economic impact for the Coastal Bend over the next nine years as the facility expands.
Liquefied natural gas is a natural gas that has been cooled down for shipment and transport.
According to the U.S. Energy Information Administration, the U.S. has become a net exporter of LNG because of the increasing natural gas production within the nation, declining imports of LNG and expansion of LNG export terminal capacity.
The first train of LNG at the new Corpus Christi Liquefaction Facility was produced on Wednesday. The facility has three production units and will all be in service by 2021.