(Photo Credit: Cheniere Energy, Inc.)
As manufacturing production in the United States surges to the highest level in ten years, U.S. energy manufacturer Cheniere is continuing to fuel further growth by launching its second liquefied natural gas (LNG) export facility in the United States.
The new 1,000 acre facility, located in Corpus Christi in the Gulf of Mexico, supports nearly 500 new high-quality manufacturing jobs, while indirectly supporting 7,000 more across the region. It’s expected to expand economic activity in the U.S. by up to $26 billion over nine years.
The plant, together with Cheniere’s existing Sabine Pass liquefaction facility in Louisiana, represent an investment of approximately $30 billion in U.S. energy infrastructure.
“Today’s ceremony marks a historic step forward in Cheniere’s ability to provide clean, secure and affordable energy to the world, while creating new jobs here at home,” Cheniere President and CEO Jack Fusco said.
Advancements in technology have allowed manufacturers in the U.S. to produce more liquified natural gas to support growth at home, but thanks to facilities like Cheniere’s, manufacturers are also able to export U.S. energy abroad:
Cheniere became the first company to export LNG from the United States in Feb. 2016, when it shipped from its Sabine Pass complex in Louisiana, and has led the burgeoning U.S. LNG industry. Record natural gas from Texas and other U.S. shale plays is spurring billions of dollars of investment, most of it focused on the Gulf Coast…
Natural gas, in a process known as liquefaction is supercooled into a liquid to make it easier to transport. Cheniere is investing $15 billion into three processing units, called trains, for the first phase of development at its Port of Corpus Christi export terminal. Once at full capacity, the first unit will be able to process 750 million cubic feet of natural gas per day.
Representatives of Cheniere’s utility company customers from China, Indonesia, Australia, Spain, France, Portugal and Poland attended Thursday’s event. In a short speech, Ross called the facility an example of American technology and innovation.
Investments in U.S. energy infrastructure like Cheniere’s are critical in order for manufacturers to leverage incredible opportunities to export energy. The National Association of Manufacturers (NAM) continues to rally support for broad-based, jobs-creating investment in expansion and modernization, including advocating increased public and private infrastructure funding, developing an interstate system focused on moving goods to market, investing in ports and inland waterways, supporting efforts to reduce traffic congestion and modernizing drinking water and wastewater systems as well as modernizing information and telecommunications infrastructure.
Learn more about the NAM’s plan at NAM.org/BuildingToWin.
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