Venture Global to Double US Project Size
Venture Global LNG is to expand the scope of its US export business to 60mn metric tons/yr based on growing customer demand, it said March 14. Its two projects so far are designed to produce 30mn mt/yr in total.
It has accordingly extended its 2016 process equipment supply agreement with Baker Hughes, a GE company to that new figure, whereby BHGE will deliver a modular solution for Venture Global’s LNG export facilities under the agreed terms and defined performance guarantees, it said.
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 standardised across the company’s Calcasieu Pass (10mn mt/yr), Plaquemines LNG (20mn mt/yr), and expansion projects.
The company said there was rising demand for low-cost LNG from its international customers, which had accounted for all the Calcasieu Pass capacity – and most of the Plaquemines LNG capacity as well.
The Calcasieu Pass project has received all federal authorisations and the project’s engineering, procurement and construction contractor, Kiewit, plans to start site activities imminently. Venture has not yet announced the final investment decision formally but exports are to start in 2022. The Plaquemines LNG project is expected to receive its final authorisation in August and start building later this year. Again, no formal decision to proceed has been announced.