Venture Global gets OK to work on Louisiana Calcasieu LNG export plant

The U.S. Federal Energy Regulatory Commission (FERC) has approved Venture Global LNG Inc’s request to continue with full site preparation at its proposed $4.5 billion Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana.

Calcasieu Pass is designed to produce about 10 million tonnes per annum (MTPA) of LNG, or about 1.3 billion cubic feet per day (bcfd) of natural gas. One billion cubic feet is enough gas to fuel about 5 million U.S. homes for a day.

Calcasieu Pass is one of dozens of LNG export terminals that developers are seeking to build in the United States, Canada and Mexico over the next decade to meet growing global demand for the fuel.

The United States, which was a net importer of LNG before shipping its first cargo from the lower 48 states in February 2016, became the third biggest exporter of the super-cooled fuel by capacity in 2018, behind Australia and Qatar.

Venture Global said it has secured 20-year off take agreements with units of UK-Dutch oil major Royal Dutch Shell PLC, UK oil major BP PLC, Italian energy company Edison SpA, Portuguese energy company Galp Energia SGPS SA, Spanish energy company Repsol SA and Polish oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG).

Venture Global, which has a goal of building a 60-MTPA LNG business, said its liquefaction systems will use technology from General Electric Co’s Baker Hughes unit.

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