Venture Global moves on fourth plant as state of Louisiana to overtake Qatar as LNG exporter

Tuesday, 14 December 2021
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Venture Global, the US LNG export plant developer, is now in the process of investing in and constructing four liquefaction and export plants in Louisiana with 70 million tonnes per annum of output as the latest facility applied for regulatory permits.

The most advanced plant in terms of construction, the Calcasieu Pass facility in Cameron Parish in Louisiana, south of the city of Lake Charles, is scheduled to start commercial production in 2022 with exports 10 MTPA of LNG on completion.

Calcasieu Pass II

Venture Global’s fourth LNG export plant, after Plaquemines LNG and Delta LNG, is called the CP2 LNG project and would be built on a 540-acre site in Cameron Parish, adjacent to the Calcasieu Pass facility.

These three plants will each have a combined 60 MTPA of nameplate capacity versus 10 MPTA at Calcasieu Pass.

The Plaquemines and Delta facilities will be built near river mile-marker 55 on the banks of the Mississippi River, about 30 miles south of New Orleans.

The Arlington, Virginia-based company has just submitted a formal application requesting authorization from the Federal Energy Regulatory Commission to site, construct and operate the CP2 LNG facility and the CP Express pipeline.

CP2 LNG comprises of a facility with nameplate liquification of 20 MTPA and the CP Express will provide feed gas sourced from resource rich North American onshore natural gas basins.

Venture Global will be the state’s largest LNG exporter and when the four plants are completed, Louisiana with have seven industrial-scale facilities, including Cheniere Energy’s Sabine Pass plant, the Cameron plant operated by California-based Sempra Energy and the Driftwood facility being developed by Charif Souki’s Tellurian Inc.

Seven plants

The seven Louisiana plants are expected to have up to 144 MTPA of output, including current expansion plans, which would be well ahead of the Middle East state of Qatar, and will make the US Gulf Coast state the World’s No. I LNG exporter.

Venture Global and the Governor of Louisiana, John Bel Edwards, jointly announced the latest CP2 LNG project comprising an investment of $10Bln and the creation of more jobs.

“Venture Global has invested significantly in Louisiana’s economy, and I am proud to celebrate this exciting new project with them,” said the Governor.

“The CP2 facility in Cameron will create more than 1,000 new permanent jobs and thousands of construction jobs in the area, which will have a significant impact on our economy,” he explained.

“The direct new jobs created by the project will have average annual salaries of $120,000 plus benefits,” said the joint statement.

Venture Global Chief Executive Michael Sabel said the company was proud to continue its expansion in Louisiana with the launch of its next project, CP2 LNG.

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