Venture Global

The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith.  “There’s been an overreliance on spot cargoes in our industry,” he said…

Venture Global Inc. said Thursday that it’s closed a $500 million term loan with four banks to fund pre-sanctioning construction activities for the company’s Plaquemines LNG export project in Louisiana.  The transaction was upsized from $400 million to $500 million “based on strong lender interest,” the company said. The term loan was made by JPMorgan…

A pair of Venture Global subsidiaries is seeking federal approval to start the pre-filing process for a fourth liquefied natural gas (LNG) export terminal and associated pipeline along the Gulf Coast. In a filing last week, Venture Global CP2 LNG LLC and Venture Global CP Express LLC requested approval to initiate FERC’s pre-filing review process…

A roundup of news and commentary from NGI’s LNG Insight Venture Global Inc. reported “minimal” damage at Calcasieu Pass LNG terminal construction site in Cameron, LA. Hurricane Laura passed directly over the project. Storm protection system, including a perimeter wall and water pumping system helped mitigate impacts, company said.  Venture is working with its contractor…

The pieces of the puzzle are falling into place for one of two liquefied natural gas (LNG) export facilities proposed by Venture Global LNG Inc. on the Louisiana coast after federal regulators on Tuesday approved full site preparation for the Calcasieu Pass project.