Venture Global sends second Plaquemines LNG cargo

Venture Global’s 174,000-cbm newbuild carrier, Venture Gator, left the company’s second facility in Port Sulphur on Sunday and was sailing in the Gulf of Mexico on Monday, its AIS data provided by VesselValues shows.

The data says that the tanker is laden, while the final destination of the cargo is currently not available.

This shipment comes a bit more than a week since Venture Global sent the first commissioning cargo from Plaquemines LNG to Germany.

The 174,000-cbm newbuild carrier, Venture Bayou, left the LNG export plant on December 27 and is expected to deliver the shipment to Germany’s Brunsbüttel around January 8.

Venture Global said that the first LNG shipment will be delivered to Germany’s EnBW, marking over 60 LNG cargoes sent from Venture Global into Germany since 2022.

EnBW previously agreed to buy long-term LNG volumes from the Plaquemines plant.

Eighth US LNG export facility

Venture Global LNG recently received approval from the US FERC to export the first commissioning cargo from its Plaquemines LNG plant.

The approval came just a week after Venture Global started producing LNG at the company’s second facility.

With this, Plaquemines LNG became the eighth US LNG export facility.

Venture Global said in its recent IPO statement it is targeting a COD (commercial operations date) for the Plaquemines project in the third quarter of 2026 for Phase 1 and the second quarter of 2027 for Phase 2.

In May 2022, Venture Global took a final investment decision on the first phase of the Plaquemines project with a capacity of 13.3 mtpa and the related pipeline. It also secured $13.2 billion in project financing.

In March last year, the company sanctioned the second phase of the Plaquemines LNG export plant in Louisiana and also secured $7.8 billion in project financing.

The full project, including the second stage, will have a capacity of 20 mtpa coming from 36 modular units, configured in 18 blocks.

Each train has a capacity of 0.626 mtpa.