LNG

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.

US Commerce Secretary Wilbur Ross believes that re-starting liquefied natural gas exports to China could form part of an interim agreement and end the current trade war and stand-off between both nations while rebuilding trust.