Venture Global preparing Plaquemines LNG site ahead of FID

US firm Venture Global LNG said it has started works to prepare the construction site for its planned Plaquemines LNG project in Louisiana.

“Plaquemines LNG began construction on the terminal site on August 18, 2021,” Venture Global LNG’s unit and the developer of the plant said in its monthly construction report sent to US regulators.

Work consisted of improving the existing driveway, installing the silt fence perimeter, and site mowing, according to the report dated September 7.

However, the firm had to stop these activities on August 27 as Hurricane Ida approached the Louisiana coast west of the site. The hurricane made landfall two days later, bringing heavy rainfall to the terminal site, it said.

“Work will not resume until early September when terminal site conditions improve,” the report said.

Plaquemines LNG would deploy Venture Global’s liquefaction trains 19 through 36, identical to the 18 trains currently being delivered and installed at Venture Global’s Calcasieu Pass project.

The full project would have 20 mtpa capacity, four tanks, and three jetties.

However, the firm has still to take a final investment decision on the development.

According to Venture Global’s website, the firm plans to take a final investment decision on Plaquemines LNG in the fourth quarter of this year. Commercial operations could start in 2024.

Earlier this year, Venture Global said compatriot Zachry Group has joined KBR to build its Plaquemines LNG project.

The firm selected engineer KBR as the lead contractor for the LNG export development in November last year.

Additionally, Plaquemines LNG has binding 20-year offtake agreements with Poland’s PGNiG for 4 mtpa and France’s EDF for 1 mtpa capacity.

Venture Global has recently signed a deal with PGNiG to boost the volumes from both the Plaquemines and the Calcasieu Pass projects.

Most Popular

TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.

Gasunie, Vopak plan fifth Gate LNG jetty

Dutch partners Gasunie and Vopak plan to build a fifth liquefied natural gas (LNG) jetty at their Gate terminal in the port of Rotterdam.

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

More News Like This

Venture Global secures $3 billion credit facility

A unit of US LNG exporter Venture Global has entered into a new $3 billion 364-day revolving credit facility to fund growth.

Venture Global expects resolution of next Calcasieu Pass arbitration case by year-end

US LNG exporter Venture Global expects resolution of the next arbitration case over LNG sales from its Calcasieu Pass plant in Louisiana by the end of this year, according to CEO Mike Sabel.

Venture Global to sign multiple LNG deals by year-end, CEO says

US LNG exporter Venture Global LNG anticipates signing multiple additional LNG supply contracts by the end of this year, according to CEO Mike Sabel.

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.