Plaquemines LNG

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
‘Good Time’ for Global LNG as Customers Ready to Talk, Says Baker Hughes CEO

‘Good Time’ for Global LNG as Customers Ready to Talk, Says Baker Hughes CEO

Baker Hughes Co. generated record orders in the fourth quarter, driven by “multiple awards” for  LNG and offshore production equipment, CEO Lorenzo Simonelli said Monday. In a conference call to discuss quarterly and full-year earnings, the CEO noted that operationally, the Houston-based oilfield services (OFS) giant “continues to navigate challenges” in “different parts of the…

January 23, 2023

Venture Global Eyes Construction Ramp Up for Plaquemines LNG – The Offtake

Venture Global LNG Inc. has asked the Federal Energy Regulatory Commission for permission to ramp up construction at its Plaquemines LNG facility and associated pipeline project.

January 6, 2023
FERC Delivers Positive EIS for Enbridge’s Pipeline Extension to Plaquemines LNG

FERC Delivers Positive EIS for Enbridge’s Pipeline Extension to Plaquemines LNG

One of the key pipeline projects to supply Venture Global Inc.’s Plaquemines LNG export terminal in Louisiana could be built with limited and mostly temporary impacts, FERC staff concluded in a recently published draft environmental impact statement (EIS). The draft EIS published Friday is the latest step for Enbridge Inc.’s proposed Venice Extension project is…

September 21, 2022
U.S. Natural Gas Price Volatility at All-Time High in 2022

U.S. Natural Gas Price Volatility at All-Time High in 2022

Natural gas price volatility hit an all-time record earlier this year and remains elevated on weather-driven demand and soaring LNG exports, among other factors, according to the Energy Information Administration (EIA).  EIA said volatility, a measure of how much daily prices change, reached its highest level in 20 years in February. The 30-day historical volatility…

August 16, 2022
Baker Hughes Sees Years of Growth in U.S. Natural Gas, LNG Sectors

Baker Hughes Sees Years of Growth in U.S. Natural Gas, LNG Sectors

Baker Hughes Co. (BKR) management on Wednesday offered a bullish assessment of natural gas growth opportunities but conveyed a more measured outlook for the oil market. “Overall, we remain very positive on the outlook for natural gas,” Baker Hughes’ CEO Lorenzo Simonelli told analysts during the oilfield services (OFS) giant’s 2Q2022 earnings call. “We also…

July 20, 2022
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…

May 13, 2022
Venture Global Clinches 2 MMty Agreement with ExxonMobil for Louisiana LNG Projects

Venture Global Clinches 2 MMty Agreement with ExxonMobil for Louisiana LNG Projects

Venture Global LNG Inc. is progressing its planned liquefied natural gas (LNG) projects in Louisiana after securing twin offtake agreements with an ExxonMobil affiliate. The Arlington, VA-based company inked two 20-year sale and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty) with ExxonMobil Asia Pacific Pte Ltd. The affiliate may split the…

May 10, 2022
Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

The still unfolding situation in Europe has “accelerated the pace of discussions” to sanction global liquefied natural gas (LNG) projects,” Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. Simonelli shared first quarter results and the outlook for 2022 and beyond for the Houston-based oilfield services giant.  “We already saw momentum pick up in 2021” for…

April 20, 2022
Venture Global Teases FID for Plaquemines LNG With Announcement of Long-term Contracts

Venture Global Teases FID for Plaquemines LNG With Announcement of Long-term Contracts

Venture Global LNG Inc. is continuing its hot streak of long-term sales and purchase agreements (SPAs) for liquefied natural gas (LNG) with two new deals announced Wednesday, one of which foreshadows a greenlight for the Plaquemines LNG terminal, according to the company. The Arlington, VA-based LNG exporter has inked two 20-year SPAs to supply New…

March 16, 2022
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