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 would be located near its Calcasieu Pass terminal, which is currently being commissioned. 
  • CP2 LNG would be constructed in two, 10 mmty phases. Phase one completion is targeted for mid-2026. The facility would also include systems to capture and sequester 500,000 tons of carbon dioxide/year 
  • Part of Europe is set for a cold blast next week as natural gas inventories remain woefully short for this time of year. “Strongly below” normal temperatures are forecast in northern Europe over the next five-day period, according to Maxar’s Weather Desk. Italy, the UK and the midcontinent are also expected to get below-normal temperatures. European natural gas storage is at about 68% of capacity, compared to the 84% five-year average.
  • The U.S. Senate is poised to vote soon on two amendments that would sanction individuals and entities involved in the construction of the Nord Stream 2 pipeline that would carry more natural gas from Russia to Germany, according to ClearView Energy Partners LLC. If passed, the sanctions would override a waiver of sanctions on the project, which has yet to enter service, issued by the Biden administration earlier this year to improve relations with Germany.