A combined-cycle power plant with over 1,440 MW capacity will energise the proposed Calcasieu Pass 2 LNG terminal with its 36 liquefaction trains. Venture Global just got approval to export natural gas from the so-called CP2 facility, the fifth such approval granted since the Trump administration ended a permitting pause.
Australia-based Worley has been selected as EPC contractor which is working under a limited notice to proceed. Venture Global did not disclose an estimated cost for the project, but company executives said earlier some $4 billion were spent on construction, engineering and design work through the end of 2024.
Progressing towards FID
The process towards a final investment decision (FID) was initiated in late March, and Venture Global stressed it has already firm offtake agreements in place with ExxonMobil and Chevron, among others. Apart from the two US oil majors, Phase 1 of Calcasieu Pass also has firm offtake agreements with New Fortress Energy, JERA, China Gas, Inpex, SEFE and EnBW.
Situated Louisiana’s Cameron Parish some 50 miles south of Lake Charles, Calcasieu Pass LNG project consists of a modular, mid-scale configuration and is expected to produce 10 million tons per annum of LNG once fully commissioned.
In February, Venture Global said the first phase of its Calcasieu Pass LNG facility in Louisiana would start commercial operations on 15 April 2025, but the timeline has slipped slightly. The month of April had previously been highlighted by Edison as the earliest time given by Venture Global to its long-term customers.
The official start will mean the facility’s tolling partners will finally be able to lift cargoes on their own accounts almost three years after the 10 mtpa liquefaction plant began LNG shipments.
The developer had faced arbitration and regulatory complaints from major energy companies, including bp, over alleged delayed long-term deliveries as it pursued higher-revenue spot market sales. Venture Global maintained that the plant was not yet commercially operational and that these sales did therefore not violate its contractual obligations.
