Venture Global seeks authorization for Calcasieu Pass, TransCameron projects
U.S. LNG developer Venture Global Inc. has asked federal regulators for permission to begin operations of its entire Calcasieu Pass LNG export facility and TransCameron pipeline project, the final step before moving to commercial operations, according to a filing on Tuesday.
The U.S. second-largest LNG exporter told the Federal Energy Regulatory Commission (FERC) that it has made significant progress in remedial work on the plant and believes it is in a position to produce at its design capacity.
"Calcasieu Pass believes it has filed all required documentation demonstrating readiness to commence service of the remainder of the facility," it said in the FERC filing.
Venture Global is requesting FERC's approval by April 1, according to the filing, and has already said it planned to start commercial operations by April 15.
The U.S. is the world's largest exporter of the superchilled gas and, since 2023, Venture Global has played a major role in U.S. supply growth.
Calcasieu Pass LNG, at Cameron Parish, Louisiana, is the first of Venture Global LNG's facilities. It has been the center of a dispute with Venture Global's long-term customers including Shell, Edison, Repsol, Orlen and bp, which have accused the company of withholding their cargoes while selling its own LNG at premium prices on the spot market.
All Venture Global's long-term Calcasieu Pass customers have filed for arbitration with the International Court of Arbitration.
Venture Global has said its actions do not amount to profiteering, and that it could not move to commercial operations unless it fixed the problems with its power system.
The FERC application says the power island problems have been resolved.
Shell's CEO Wael Sawan said he expects to have updates from the arbitration process with Venture Global in the coming months.
Sawan during Shell's capital markets day in New York City said Venture Global has already sold 400 cargoes from its Calcasieu Pass project.
Founded by a former energy lawyer and investment banker, Venture Global LNG has emerged as the second largest U.S. LNG producer due to its ability to obtain financing and rapidly build export plants. It has pledged to produce close to 140 MMtpy of LNG once its projects are completed.
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