Chart gets full notice to proceed for Venture Global’s Plaquemines LNG project

Chart Industries said it has received full notice to proceed for the production of cold boxes and brazed aluminum heat exchangers for the first phase of Venture Global’s Plaquemines LNG export project in Louisiana.

In conjunction with the FNTP, Chart booked the full equipment order of $136 million for the Plaquemines project from Baker Hughes, according to a statement on Tuesday.

Also, the US LNG equipment specialist said it would begin recognizing revenue on this project in 2022 with a multi-year staggered delivery schedule.

Chart did not provide any additional information.

Venture Global has not yet announced a final investment decision on the development. KBR and Zachry will build the first phase of the project.

Chart previously said it had expected Venture Global to take the FID in the first half of this year.

LNG Prime has contacted Venture Global for a comment regarding the final decision but we did not receive a response by the time this article was published.

Four LNG export developments

Plaquemines LNG will deploy Venture Global’s liquefaction trains 19 through 36, identical to the 18 trains at Venture Global’s Calcasieu Pass project.

The first phase includes a capacity of 10 mtpa while the full project would have 20 mtpa capacity, four tanks, and three jetties.

Plaquemines LNG has binding 20-year offtake agreements with Poland’s PGNiG for 4 mtpa and France’s EDF for 1 mtpa capacity. The project also signed deals with China’s CNOOC for 2 mtpa and with Sinopec for 4 mtpa.

Venture Global has just shipped the first commissioning cargo from its Calcasieu Pass plant in Louisiana.

Once completed, Calcasieu Pass will produce about 10 mtpa of LNG from 18 modular units configured in 9 blocks. The plant is the seventh large LNG export facility in the US.

Besides these facilities, the US LNG developer is working on two additional projects, namely CP2 LNG and Delta LNG.

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