Shell joins BP in accusing Venture Global in FERC filing of withholding cargoes and undermining the LNG industry
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.
BP accuses US LNG firm Venture Global in FERC filing of withholding cargoes and undermining the industry
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.
US developer of three US LNG projects Venture Global awards contract for Mississippi River plant to KBR
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.
Venture Global revamp
Sept 22 (LNGJ) - Venture Global, the US firm with advanced plans to develop three LNG exports plants in Louisiana, has changed its corporate management structure and founders Robert Pender and Michael Sabel will no longer be co-Chief Executives.
The Arlington, Virginia-based company said that from October 1, Sabel alone will be CEO and Pender will serve the company as Executive Co-Chairman, a new position created to support the CEO on key strategic and financial matters. Both will continue to serve on the company’s board. “It has been an exhilarating decade working with Mike to create Venture Global LNG and to help reshape the global LNG industry,” said Pender. “There is no person I trust more than Mike to lead this company we created together into the future. I remain fully committed,” he added.
Venture Global Delta LNG export project on Mississippi River delays filing for permit
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.
US Plaquemines LNG plant on Mississippi River to proceed with prospects of high output
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.
US LNG equipment-maker Chart Industries gets notice to proceed with Louisiana plant order
Chart Industries, the US LNG equipment maker, said it received full notice to proceed for the production of cold boxes and brazed aluminum heat-exchangers for Venture Global’s Calcasieu Pass liquefied natural gas export project.
Calcasieu Pass will produce more than 10 million tonnes per annum of LNG and is expected to come on stream in 2022, along with associated facilities, including the TransCameron Pipeline.
Arlington, Virginia-based Venture Global is also advancing with the Plaquemines LNG export venture sited near river mile-marker 55 on the west side of the Mississippi River, 30 miles south of New Orleans.
Chart noted that this week Venture Global announced the final investment decision and the closing of the project financing for its Calcasieu Pass facility in Cameron Parish, Louisiana.
At the end of March 2019, Chart booked the full equipment order of $135 million for the Calcasieu project from Baker Hughes-GE.
BH-GE had been awarded a contract and granted notice to proceed on the construction of a comprehensive LNG technology solution for the Calcasieu Pass project.
Chart will deliver the equipment on a multi-year schedule in conjunction with BH-GE and Kiewit.
“We are proud to be part of Venture Global’s unique and innovative Calcasieu Pass project and overall LNG model,” stated Jill Evanko, Chart’s President and Chief Executive.
“In conjunction with our strong partners on this project, we will provide the highest quality cold boxes and heat exchangers on schedule from our Wisconsin and Louisiana facilities,” added Evanko.
Venture Global is controlled by former investment banker Michael Sabel and lawyer Robert Pender, who act as joint chief executives.
They are additionally making progress with a third project, the Delta plant with a site also on the Mississippi River.
The Delta liquefaction facility and its associated pipeline would have output capacity of 24 MTPA.
The proposed Delta and Plaquemines plants are stand-alone projects with no shared facilities and are under different development schedules.
Venture Global LNG projects with 56 MTPA of planned output have already raised $2.8Bln
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.
Delta LNG project pipeline to cross 14 parishes in Louisiana and will affect 850 landowners
Venture Global, the US LNG project developer with two export plants proposed for Louisiana, has held discussions with the Federal Energy Regulatory Commission on the filing requirements for the construction of a third plant in the Gulf Coast state called Delta LNG.
Venture Global's Sabel and Pender reel in New York equity investors Stonepeak Infrastructure
Venture Global LNG, the company based in Virginia with three LNG export projects in Louisiana, said it had secured a $1.3 billion investment from New York equity firm Stonepeak Infrastructure Partners for its Calcasieu Pass project in the Gulf Coast state.
