LNG

The Plaquemines LNG export plant in Louisiana proposed for river mile-marker 55 on the west side of the Mississippi River, 30 miles south of New Orleans, has been authorized to proceed by the Federal Energy Regulatory Commission.

Venture Global, the US liquefied natural gas developer pursuing three projects in the state of Louisiana, has now raised a total of $2.8 billion in financing and much more will be needed as it presses ahead with plans to produce 56 million tonnes per annum of LNG for export.