Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Venture Global LNG announces expansion to 60 MTPA

Arlington, Virginia – Venture Global LNG, Inc. announced that it will expand the scope of its LNG development business to 60 million tonnes per year (MTPY) of production based on customer demand. 

The company has increased the size of its 2016 process equipment supply agreement with Baker Hughes, a GE company to 60 MTPY, under which BHGE will deliver a comprehensive technology solution for Venture Global’s LNG export facilities under  agreed terms and defined performance guarantees.  The agreement provides for the guaranteed supply of highly efficient and reliable modular liquefaction trains plus power generation and electrical distribution equipment that will be standardized across the company’s Calcasieu Pass, Plaquemines LNG, and expansion projects. 

“With this expanded 60 MTPY commitment from BHGE, we can grow our business to meet the increasing demand for our low-cost LNG from our international customers.  Having fully contracted Calcasieu Pass and anticipating completion of Plaquemines LNG, we are pleased to announce this expansion to meet additional customer demand.  We believe our model of mid-scale modular liquefaction is the future of low-cost LNG production," Co-CEOs Bob Pender and Mike Sabel jointly said. 

The 10 MTPY Calcasieu Pass project has received all federal authorizations and the project’s EPC contractor, Kiewit, is actively mobilizing pursuant to FERC authorization and plans to commence fully site activities imminently.  Under 20-year agreements with Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG, Calcasieu Pass will begin delivering US natural gas to the global market in 2022.  The 20 MTPY Plaquemines LNG project is expected to receive its final FERC authorization in August and commence construction in 2019.

 


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies

Register Now

By selecting integrally geared turbocompressors for gas plant refrigeration duty coupled with a mag bearing turboexpander, operators get the added values of technology with highly reliable operations and reduced OPEX. Join Sami Tabaza and Chris Blackmer from Atlas Copco Gas and Process for a presentation followed by Q&A surrounding the turbocompressor and turboexpander technologies that can efficiently and reliably fit your gas plant design and operation to get the advantages of both technologies.

June 20, 2019 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.