Calcasieu Pass II plan
June 28 (LNGJ) - Venture Global LNG, whose existing Calcasieu Pass export plant in Cameron Parish in Louisiana, has still to formally finish its commissioning process that has lasted over two years, has welcomed the go-ahead from the Federal Energy Regulatory Commission to build another plant adjacent to the Calcasieu Pass facility and called CP2.
“Venture Global applauds the Commission and FERC staff for their independent and thorough review and approval of CP2 LNG,” said Michael Sabel, Chief Executive of Venture Global, after being approved to produce 20 million tonnes per annum of LNG. CP2 has 20-year sales and purchase agreements with companies such as US majors ExxonMobil and Chevron, Japan’s JERA and Inpex Corp., New Fortress Energy of the US and several German utilities.
US regulator finally intervenes in the long-running dispute between Venture Global LNG and cargo contract holders
US energy regulators have finally intervened in the long-running dispute between Venture Global LNG and its Calcasieu Pass LNG export plant in Louisiana and major customers over delays in activating sales and purchase agreements (SPAs) for contract cargoes.
Venture Global LNG gives brief reply to FERC on failure to deliver cargoes under sales and purchase agreements
Venture Global LNG has told the US Federal Energy Regulatory Commission (FERC) that it could not meet contracts to provide cargoes from the Calcasieu Pass export plant in Louisiana to major customers because the facility was not yet ready to meet three criteria in the sales and purchase agreements.
