Venture Global to Develop LNG Export Facility

RefComm Global Virtual Conf

Venture Global LNG is developing a liquefied natural gas export facility, called the Calcasieu Pass Project, in southwestern Louisiana.

The U.S. Department of Energy (DOE) authorized the Calcasieu Pass Project to export 10 million tonnes per annum of LNG to countries that have a free trade agreement with the U.S. Additionally, the project is seeking authorization from both the Federal Energy Regulatory Commission and the DOE to export 10 million tonnes per annum of LNG to non-FTA countries.

“Venture Global’s investment of $4.25 billion in Louisiana is the latest in an impressive series of projects here in southwest Louisiana that showcase our state’s tremendous energy infrastructure and our outstanding workforce,” Louisiana Governor Bobby Jindal said. “Cameron Parish affords the company great access to both natural gas supplies and deep-water access for shipping LNG to customers around the world. With billions of dollars in new investment for projects like Venture Global LNG, Louisiana is moving forward with next-generation energy infrastructure to connect to world markets and to create the best jobs for the future.”

The export facility will be located on 203 acres along the Calcasieu Ship Channel, where it meets the Gulf of Mexico. The plant will operate with a midscale, modular technology to capitalize on low-cost natural gas production under the direction of a top management team, including energy, engineering and financial experts.

Located south of Lake Charles, La., the Calcasieu Pass Project will be built, operated and manufactured in Louisiana and will create 1,500 construction jobs, 326 indirect jobs, and 100 permanent jobs for the community.

The timeline for the project includes the regulatory and government filing process and securing commercial agreements through 2016, with operations beginning in late 2019.

Related posts

Subscribe to OILMAN TodayDelivered right to your inbox

Subscribe to OILMAN Today, a biweekly newsletter delivered to your inbox covering oil and gas business news, current events and industry information you need to know about.