LNG

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 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.

Feb 5 (LNGJ) - Europe’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River near London, has followed up its capacity agreement with the Algerian energy company Sonatrach by signing a second deal with US company Venture Global with its Calcasieu Pass export plant in Louisiana and three other facilities being developed. “The Grain LNG terminal is an important gateway to the broader European market, and we look forward to supplying the region through this new access point for years to come,” said Michael Sabel, Chief Executive of Venture Global.

   Grain LNG, owned by a subsidiary of National Grid Plc, said a 16-year agreement was signed with Venture Global for around 3 million tonnes per annum of capacity from 2029 as a result of Grain LNG’s competitive auction process which was launched in September 2023. “I’m delighted that we are able to announce the second result from our September auction, commencing a long-term partnership with Venture Global,” said Katie Jackson President of National Grid Ventures, the UK grid operator’s subsidiary that owns the LNG terminal.

Venture Global LNG, the owner of the Calcasieu Pass export plant in Louisiana and with three more facilities planned, is considering some changes in the fourth on the list of plants being developed on the US Gulf Coast by the Arlington, Virginia-based company.

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.

Shell has joined with the other UK-based major BP to file a complaint with the US Federal Energy Regulatory Commission (FERC) against LNG developer Venture Global claiming the Arlington, Virginia-based company was “illegally withholding information” about delays in delivering LNG from its Calcasieu Pass export plant in Louisiana.

UK major BP filed a complaint with the US Federal Energy Regulatory Commission against LNG developer Venture Global claiming the Arlington, Virginia-based company was “illegally withholding information” about delays in delivering LNG from its Calcasieu Pass export plant in Louisiana.

Plaquemines LNG, the project being developed in Louisiana by Venture Global, has submitted supplemental information to enable the start of work in December on the latest phase of project development work related to connections with the Gator Express pipeline project to supply feed gas.

Venture Global, the US liquefied natural gas export projects developer in the state of Louisiana, said long-term expansion would increase production from 70 million tonnes per annum to more than 100 MTPA of nameplate capacity.

Venture Global LNG, the US operator of the Calcasieu Pass export plant in Louisiana and developer of three other export project in the US Gulf Coast state, has signed a 20-year supply deal with the former Gazprom Germania that was taken over by the German Government.