Plaquemines LNG

Venture Global Gets Green Light for Plaquemines LNG Construction Ramp-Up – The Offtake

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.

October 19, 2023
Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

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…

October 16, 2023
United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands

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…

September 12, 2023
U.S. LNG Export Race Seen Slowing as Market Enters New Era

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,…

May 10, 2023
Bank Failures Add Another Wrinkle for LNG Projects Already Facing Soaring Costs

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…

April 25, 2023
Venture Global Sanctions Second Phase of Plaquemines LNG Project

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…

March 13, 2023
FSRU-Operator Excelerate Nets Long-Term Offtake from Venture Global’s Plaquemines LNG

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…

February 28, 2023
Venture Global Inks 20-Year LNG Offtake Deals with China Gas

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…

February 24, 2023
Investment Boom Nears as U.S. LNG Projects Race Toward FID

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…

February 10, 2023

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.

February 1, 2023
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