LNG

Venture Global is working with countries all over the world to deliver critical cargoes. CEO Mike Sabel said the company is prepared to seal contracts for short-term delivery periods with potential LNG purchasers. Speaking at CERA Week in Houston, Texas, alongside Louisiana Governor Jeff Landry, the Venture Global CEO touted: “We have the most available LNG for years to come.”

Venture Global CEO Mike Sabel strives to get two LNG expansions – Calcasieu Pass 2 and Plaquemines – come to market before 2030. Financial close for the $18 billion brownfield expansion at Plaquemines is targeted for mid-2027, followed by first LNG some 18 to 24 months afterwards.

Venture Global LNG, owner of the newest US export plant at Calcasieu Pass in Louisiana and with three other projects in development, has signed up Malaysian energy company Petronas for a 20-year supply deal.

Nov 4 (LNGJ) - US LNG plant developer Venture Global has confirmed two long-term liquefied natural gas supply deals with China Petroleum and Chemical Corp., known as Sinopec, and its trading arm Unipec and previously revealed on October 20 by the US Department of Energy.

   Venture Global will supply 4 million tonnes per annum of LNG to Sinopec for 20 years from the Plaquemines LNG plant to be built on the west bank of the Mississippi River in Louisiana. In addition, Unipec has agreed to purchase up to 3.8 MTPA of LNG from Venture Global’s Calcasieu Pass facility under construction south of the city of Lake Charles. “Venture Global will soon become the largest US LNG exporter to China,” said Michael Sabel, Chief Executive of Venture Global. “This will accelerate our combined efforts to lower carbon emissions and provide a low-cost, reliable and secure energy supply to China,” added the CEO.

US industrial gases equipment-maker and technology provider Chart Industries, whose products last year alone helped produce over 45 million tonnes of LNG to replace coal-fired power outside the US, was named “Emissions Reductions Champion Organization of the Year” at the three-day Gastech 2021 in-person trade show and exhibition that opened in Dubai in the United Arab Emirates.

Venture Global, the US developer of three LNG export plants in Louisiana, said that US engineering firm KBR was awarded the engineering, procurement and construction contract for the first phase of the Plaquemines project on the banks of the Mississippi River.

The first Gastech Virtual Summit gets underway on Monday, September 7, under the title “Connecting the Gas, LNG and Energy Industry” and will run through September 11 as a replacement event for the postponed Conference & Exhibition scheduled for Singapore.

The US Delta LNG project, the third of three export plants being development in Louisiana by the company Venture Global, has slightly delayed filing for its regulatory permits to allow more time to address some issues raised.

Venture Global, the owner of the US Calcasieu LNG export project, has received its draft Environmental Impact Statement from the Federal Energy Regulatory Commission, allowing the venture to move forward.

Venture Global, the developer of two US liquefied natural gas export plants in the state of Louisiana, said it secured a 20-year sales agreement with Portuguese energy company Galp Energia for volumes of one million tonnes per annum.