The Federal Energy Regulatory Commission approved Venture Global LNG Inc.’s request to expand construction activities at its Plaquemines export project in Louisiana to 24 hours/day and build additional facilities for a large workforce. The 13.33 million metric tons/year (mmty) project is expected to enter service in 2025.
Tag / Plaquemines LNG
SubscribePlaquemines LNG
Articles from Plaquemines LNG

Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears
As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market. Speaking at the Gulf Coast Energy Forum in New Orleans, RBN Energy LLC’s David Braziel, director of fundamental analysis, said the…

United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands
The United States is expected to keep the title as the world’s largest LNG exporter into next year after shipping out more cargoes than any other country during the first six months of 2023. U.S. exports of liquefied natural gas averaged 11.6 Bcf/d from January to the end of July, boosted by the return of…

U.S. LNG Export Race Seen Slowing as Market Enters New Era
Russia’s war in Ukraine has helped propel the next wave of U.S. LNG projects, putting the country on track to export 22.3 Bcf/d of the super-chilled fuel this decade. Since last year, the Corpus Christ Stage 3 expansion, Plaquemines and Port Arthur liquefied natural gas projects have all been sanctioned. Along with Golden Pass LNG,…

Bank Failures Add Another Wrinkle for LNG Projects Already Facing Soaring Costs
While a global banking crisis doesn’t appear to be crashing a wave of new LNG infrastructure projects just yet, finance experts say it’s adding pressure to an already tight development cycle. Through most of March, the collapse of institutions like Silicon Valley Bank (SVB) and Switzerland’s Credit Suisse captured headlines and dimmed market outlooks. During…

Venture Global Sanctions Second Phase of Plaquemines LNG Project
Venture Global LNG Inc. said Monday that it would go forward with the second phase of its Plaquemines export terminal under development in Louisiana after securing $7.8 billion in financing. The final investment decision (FID) comes less than 10 months after the first phase was sanctioned. All together, Venture Global said it would invest $21…

FSRU-Operator Excelerate Nets Long-Term Offtake from Venture Global’s Plaquemines LNG
LNG vessel and floating storage and regasification unit (FSRU) operator Excelerate Energy Inc. is wading into offering fuel trading with a long-term agreement for offtake from Venture Global Inc.’s Plaquemines LNG. Texas-based Excelerate has inked a 20-year, 0.7 million metric ton/year sales and purchase agreement (SPA) for delivery on a free-on-board basis. Plaquemines LNG was…

Venture Global Inks 20-Year LNG Offtake Deals with China Gas
Venture Global LNG Inc. has inked a pair of long-term sales and purchase agreements for two of its developing export projects in Louisiana with China Gas Holdings Ltd. The company has agreed to supply China Gas with 2 million metric tons/year (mmty) of liquefied natural gas for 20 years starting in 2027. Terms of price…

Investment Boom Nears as U.S. LNG Projects Race Toward FID
Multiple U.S. LNG export projects could reach a final investment decision (FID) this year after a record stretch of supply contracting activity in 2022 that accelerated after war broke out in Ukraine. In the year since Russia’s invasion, U.S. liquefied natural gas projects have signed over 30 sale and purchase agreements (SPA) with buyers looking…
FERC Grants LNG Storage Construction Approvals to Venture Global, Tellurian – The Offtake
Venture Global LNG has been granted permission by FERC to progress limited construction at Plaquemines LNG in Louisiana.