Cheniere Energy moved one step closer to producing first liquefied natural gas from a Corpus Christi, Texas, expansion project on Thursday after it received permission from federal regulators to put a supply line into operation.

Cheniere Energy (NYSE:LNG) moves closer to producing first liquefied natural gas from a Corpus Christi, Texas, expansion project after the Federal Energy Regulatory Commission issued an order Thursday allowing the company to take LNG from the plant to liquid storage facilities and then onto a tanker for export.

LNG states that it intends to achieve first liquefied natural gas production from Corpus Christi Stage 3 by year-end 2024. LNG is the second largest producer of natural gas globally.

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