Venture Global

CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

Venture Global LNG Inc. has signed an agreement to supply a subsidiary of China National Offshore Oil Corp. (CNOOC), China’s largest liquefied natural gas (LNG) importer, with 3.5 million metric tons/year (mmty) of the super-chilled fuel for a 20-year term.  Venture Global would supply CNOOC with 2 mmty of LNG on a free-on-board basis from…

December 21, 2021
U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

U.S. Poised to Become World’s Biggest LNG Exporter, EIA Says

The United States will have the world’s largest liquefied natural gas (LNG) export capacity in 2022 once the sixth train at Cheniere Energy Inc.’s Sabine Pass terminal and Venture Global Inc.’s Calcasieu Pass facility come online in Louisiana next year, according to the Energy Information Administration (EIA).* At that point, peak U.S. LNG production capacity…

December 3, 2021

Venture Global Officially Files at FERC to Build Fourth LNG Terminal — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Venture Global Global Inc. has filed with FERC for authorization to build a fourth LNG export terminal in Louisiana. The company also filed for a certificate to build an 85-mile natural gas pipeline to feed the 20 million metric tons/year (mmty) CP2 LNG facility, which…

December 3, 2021
Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global LNG Inc. has reached a deal to sell nearly 8 million metric tons/year (mmty) of liquefied natural gas (LNG) to China Petroleum & Chemical Corp., aka Sinopec, in deals representing the largest supply agreement ever signed by a U.S. gas exporter.  The 20-year deals, publicly announced on Thursday, also represent the largest supply…

November 4, 2021
Venture Global Lands Deals to Supply China’s Sinopec from Plaquemines LNG Export Project

Venture Global Lands Deals to Supply China’s Sinopec from Plaquemines LNG Export Project

Venture Global LNG Inc. has signed two long-term sales and purchase agreements to supply state-owned China Petroleum & Chemical Corp., aka Sinopec, with liquefied natural gas (LNG) from its Plaquemines export terminal under development in Louisiana.  Sinopec agreed last month to purchase 2.8 million metric tons/year (mmty) on a free-on-board (FOB) basis in one deal…

October 20, 2021
Cheniere Cleared to Introduce Feed Gas at Sabine Pass Expansion

Cheniere Cleared to Introduce Feed Gas at Sabine Pass Expansion

Cheniere Energy Inc. has received permission from federal regulators to introduce feed gas to the sixth train at its Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, raising the likelihood that U.S. exports will increase further by year’s end.  The Federal Energy Regulatory Commission granted Cheniere’s Sept. 15 request to introduce feed gas for…

September 24, 2021
Venture Global Starts Plaquemines LNG Construction, but Hurricane Ida Stalls Work

Venture Global Starts Plaquemines LNG Construction, but Hurricane Ida Stalls Work

Initial construction activities have started at the Plaquemines liquefied natural gas (LNG) export project in Louisiana, the development’s sponsor told federal regulators on Tuesday. In a Tuesday FERC filing, Venture Global LNG Inc. said work began at the terminal site on Aug. 18, but was halted on Aug. 27 as Hurricane Ida approached the Louisiana…

September 8, 2021
CCS Technologies Forecast to Cut LNG Project Carbon Emissions by 25%

CCS Technologies Forecast to Cut LNG Project Carbon Emissions by 25%

Deploying carbon capture and storage (CCS) technologies could cut more than one-quarter of emissions associated with global liquefied natural gas (LNG) facilities, according to consultancy Wood Mackenzie. Senior analyst Daniel Toleman said the main options for reducing LNG emissions include CCS, carbon offsets, methane leakage reduction, electrification, as well as renewables and batteries. However, CCS…

August 25, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021
PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

Polish Oil and Gas Co., aka PGNiG, has scrapped one deal and signed another with U.S. developer Sempra related to North American liquefied natural gas (LNG) supply.  The memorandum of understanding (MOU) announced Tuesday was signed after PGNiG canceled a previous sale and purchase agreement (SPA) to buy 2 million metric tons/year (mmty) of LNG…

July 27, 2021
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