Venture Global

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
Venture Global Starts Regulatory Process for Fourth Natural Gas Export Project While Progressing CP2 LNG

Venture Global Starts Regulatory Process for Fourth Natural Gas Export Project While Progressing CP2 LNG

In a flurry of agreements and filings this month, Venture Global LNG Inc. progressed development of its proposed CP2 LNG project and a fourth export facility proposed for Louisiana. After landing a series of supply deals this year for the first phase of its 20 million metric ton/year CP2 LNG project, the Virginia-based liquefied natural…

May 16, 2023
Over One-Third of CP2 LNG Capacity Under Contract After Venture Global Signs Up Jera

Over One-Third of CP2 LNG Capacity Under Contract After Venture Global Signs Up Jera

Jera Co. Inc. has signed on as an offtaker from Venture Global LNG Inc.’s CP2 export project under development in Cameron Parish, LA.  Jera, Japan’s largest power company, has agreed to buy 1 million metric tons/year (mmty) of liquefied natural gas from CP2. Jera would buy the super-chilled fuel for a term of 20-years on…

April 28, 2023
OPEC-Plus Oil Cuts Keep Pressure on European Natural Gas Prices – LNG Recap

OPEC-Plus Oil Cuts Keep Pressure on European Natural Gas Prices – LNG Recap

The surprise decision over the weekend by OPEC-plus countries to further cut crude production helped keep a rally in European natural gas prices alive as concerns over fuel supplies again bubbled up as the week got underway. The slump in natural gas prices amid a mild winter has made the fuel more competitive with oil…

April 3, 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
‘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

FERC Notes Possible Landscape Impacts from Venture Global’s CP2 project in Draft Report – The Offtake

A roundup of news and commentary from NGI’s LNG Insight: Federal Energy Regulatory Commission staff released a draft environmental impact statement (EIS) for an expansion of Venture Global LNG Inc.’s expansion and associated pipeline project at Calcasieu Pass LNG (Nos. CP22-21-000, CP22-22-000). Staff concluded the 20 million metric tons/year CP2 LNG project would have impacts…

January 20, 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