Venture Global

BP Presses FERC to Open the Books on Venture Global’s Prolonged Commissioning at Calcasieu Pass LNG

BP Presses FERC to Open the Books on Venture Global’s Prolonged Commissioning at Calcasieu Pass LNG

BP plc has asked U.S. regulators to force Venture Global LNG Inc. to release confidential documents related to the extended commissioning process of the Calcasieu Pass export terminal, arguing that Venture Global has failed to meet FERC disclosure rules for the delayed start-up of commercial operations. BP’s filing to the Federal Energy Regulatory Commission on…

December 12, 2023
Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook. The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory…

December 11, 2023
‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

Natural gas demand has not slowed, and that’s helping to grease the skids for export contracts, ExxonMobil CEO Darren Woods said Wednesday. During a webcast to discuss capital spending and projected plans, Woods was asked about the company’s opportunities in the global LNG export market. The integrated major is a partner in several big gas…

December 6, 2023
Venture Global CEO Criticizes Shell, BP as Dispute With LNG Offtakers Continues

Venture Global CEO Criticizes Shell, BP as Dispute With LNG Offtakers Continues

Venture Global LNG Inc. CEO Michael Sabel said some of the company’s long-term offtakers are attempting to undermine the new exporter’s competitive edge in pointed comments published Tuesday by the Financial Times. Sabel’s comments are some of his strongest yet in what’s become a very public dispute with offtakers that have accused the company of…

December 5, 2023
FERC Delivers Positive Environmental Review for Venture Global’s CP2 LNG

FERC Delivers Positive Environmental Review for Venture Global’s CP2 LNG

Federal energy regulators concluded in a positive final environmental impact statement (FEIS) for Venture Global Inc.’s Phase 2 expansion of Calcasieu Pass LNG (CP2) that the project could be built with limited environmental impacts. “This is a major regulatory milestone for the project that puts us on track for a Commission vote and the commencement…

July 31, 2023
Venture Global Eyes CP2 LNG Construction ‘Later This Year’ After Positive Environmental Review

Venture Global Eyes CP2 LNG Construction ‘Later This Year’ After Positive Environmental Review

Federal energy regulators have issued a positive final environmental impact statement (FEIS) for Venture Global Inc.’s Phase 2 expansion of Calcasieu Pass LNG (CP2), concluding it would have limited environmental impacts. “This is a major regulatory milestone for the project that puts us on track for a Commission vote and the commencement of construction later…

July 28, 2023

Calcasieu Pass LNG Reportedly Delays Commercial Service Again – The Offtake

Venture Global LNG Inc. reportedly won’t start commercial operations at its Calcasieu Pass export terminal in Louisiana until the end of 2024, delaying cargoes it’s required to load for long-term customers until it reaches that milestone, according to Bloomberg. The report cited anonymous sources to say the previous delay would be extended by nearly a year.

July 14, 2023
Venture Global Set to Become Germany’s Biggest Long-Term LNG Supplier 

Venture Global Set to Become Germany’s Biggest Long-Term LNG Supplier 

Venture Global LNG Inc. has agreed to supply a state-owned German company with the super-chilled fuel for two decades as European offtakers continue to line up deals to replace Russian natural gas imports.  Venture Global said an affiliate of Securing Energy for Europe GmbH (SEFE) would purchase 2.25 million metric tons/year (mmty) of liquefied natural…

June 23, 2023

Energy Transfer Looks to Select Contractor for Lake Charles LNG Pipeline By End of Month – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Energy Transfer LP is looking to select an engineering, procurement and construction contractor by the end of June for its Trunkline Pipeline system project intended to feed Lake Charles LNG, the company reported in a recent filing to the Federal Energy Regulatory Commission. The project…

June 16, 2023
Repsol Pushes FERC for More Transparency on Prolonged Commissioning at Calcasieu Pass LNG

Repsol Pushes FERC for More Transparency on Prolonged Commissioning at Calcasieu Pass LNG

Repsol SA continues to push U.S. regulators for access to confidential documents filed by Venture Global LNG Inc. detailing the prolonged commissioning process at the Calcasieu Pass export terminal that has delayed commercial operations and the delivery of cargoes under long-term contracts. In April, Madrid-based Repsol filed a motion to participate in FERC’s ongoing oversight…

June 7, 2023