Venture Global LNG, Inc. announces that the U.S. Federal Energy Regulatory Commission (FERC) has issued the Order Granting Authorizations under Sections 3 and 7 of the Natural Gas Act for the company's Venture Global Calcasieu Pass LNG export facility and associated TransCameron Pipeline in Cameron Parish, Louisiana.
"With our FERC order in hand and our project contracted with binding 20-year sale and purchase agreements (SPAs) with Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG, we plan to immediately commence construction activities in Louisiana in close coordination with FERC and other agencies," Co-CEOs Bob Pender and Mike Sabel jointly stated. "This milestone is the culmination of years of effort, and we are proud of the excellent work done by our regulatory, environmental, legal and engineering teams. We are excited to begin construction of our Calcasieu Pass project and deliver low-cost LNG to our global customers in 2022."
The 10 MTPA nameplate Calcasieu Pass facility will employ a comprehensive process solution from GE Oil & Gas, LLC, part of Baker Hughes, a GE company (BHGE) that utilizes mid-scale, modular, factory-fabricated liquefaction trains. Venture Global has executed an integrated turnkey EPC contract with Kiewit to design, engineer, construct, commission, test and guarantee the Calcasieu Pass facility.
The company is also developing the 20 MTPA nameplate Plaquemines LNG export facility and associated Gator Express Pipeline in Plaquemines Parish, Louisiana. The Plaquemines LNG facility received its draft Environmental Impact Statement on November 13, 2018 and expects to receive its final Environmental Impact Statement on May 3, 2019, according to the Notice of Schedule for Environmental Review issued by FERC on August 31, 2018. FERC has established a 90-day Federal Authorization Decision Deadline of August 1, 2019. Plaquemines LNG has executed a binding 20-year SPA with PGNiG.
About Venture Global LNG
Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from resource rich North American natural gas basins. Venture Global LNG's liquefaction process system will employ a highly efficient and reliable suite of products supplied by BHGE. Venture Global LNG is developing both the 10 MTPA Venture Global Calcasieu Pass facility (on an approximately 1,000-acre site located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico) and the 20 MTPA Venture Global Plaquemines LNG facility (on an approximately 630-acre site in Plaquemines Parish, Louisiana, 30 miles south of New Orleans on the Mississippi River). Venture Global has raised $855 million of capital to-date to support the development of its projects. More can be found at www.venturegloballng.com.
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