U.S. approves commissioning for Venture Global La. Calcasieu LNG

CKX Lands

04/11/2021 18:02

Nov 4 (Reuters) - U.S. liquefied natural gas (LNG) company
Venture Global LNG received permission on Thursday from federal
regulators to start commissioning liquefaction systems at the
company's Calcasieu Pass LNG export plant in Louisiana.
    Specifically, the U.S. Federal Energy Regulatory Commission
(FERC) approved Venture Global's request to commission the Block
1 liquefaction modules and the South LNG tank at Calcasieu.
    Venture Global filed for permission to build the project in
September 2015 and received FERC approval to start construction
in February 2019.
    The plant is expected to start producing LNG in test mode
later this year before entering commercial service in early
2022.
    Venture Global is installing 18 modular liquefaction trains
configured in nine blocks at Calcasieu to produce about 10
million tonnes per annum (MTPA) of LNG, equivalent to about 1.5
billion cubic feet per day of natural gas. Analysts estimate the
plant cost about $4.5 billion.
    In addition to Calcasieu, Venture Global has about 60 MTPA
of LNG export capacity under development in Louisiana, including
the 20-MTPA Plaquemines, which could start construction later
this year, the 20-MTPA Delta and the 20-MTPA CP2.
    On Thursday, Venture Global said it signed agreements to
sell LNG from Plaquemines and Calcasieu to units of China
Petroleum and Chemical Corp  600028.SS , or Sinopec.
 urn:newsml:reuters.com:*:nL1N2RG083  urn:newsml:reuters.com:*:nL1N2RV052 
    Several other firms have entered long-term deals to buy LNG
from Calcasieu, including units of Royal Dutch Shell PLC
 RDSa.L , BP PLC  BP.L , Edison SpA  EDNn.MI , Galp Energia SGPS
SA  GALP.LS , Repsol SA  REP.MC  and Polish Oil and Gas Co
(PGNiG).

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Venture Global gets loan for Louisiana Plaquemines LNG
construction      urn:newsml:reuters.com:*:nFWN2KH180
FACTBOX-U.S. new natural gas pipeline projects     urn:newsml:reuters.com:*:nL1N2K71HB
Venture Global delays Louisiana Plaquemines LNG export FID to
2021     urn:newsml:reuters.com:*:nL1N2I42CQ
UPDATE 2-China signs huge LNG deals with U.S. supplier Venture
Global      urn:newsml:reuters.com:*:nL1N2RG083
UPDATE 2-Sinopec signs China's largest long-term LNG contract
with U.S. firm     urn:newsml:reuters.com:*:nL1N2RV052
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 (Reporting by Scott DiSavino; Editing by David Gregorio)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))