U.S. approves Venture Global La. Calcasieu 2 LNG plant commissioning

CKX Lands

13/12/2021 16:39

Dec 13 (Reuters) - U.S. energy regulators on Monday gave
U.S. liquefied natural gas (LNG) company Venture Global LNG
permission to start commissioning liquefaction systems at
another block 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
2 liquefaction modules. FERC approved commissioning of the first
block in early November.  urn:newsml:reuters.com:*:nL1N2RV25Q
    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 total, Venture Global has about 70 MTPA of LNG export
capacity under construction or development in Louisiana,
including the 10-MTPA Calcasieu Pass, 20-MTPA Plaquemines,
20-MTPA Delta and 20-MTPA CP2.
    Venture Global has already started early site work on the
$8.5 billion Plaquemines project, which analysts expect to start
producing first LNG in 2024.
    Venture Global has entered long-term agreements to sell LNG
to units of several companies around the world, including China
Petroleum and Chemical Corp (Sinopec)  600028.SS , 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).  urn:newsml:reuters.com:*:nL1N2RG083  urn:newsml:reuters.com:*:nL1N2RV052

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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
U.S. approves commissioning for Venture Global La. Calcasieu LNG
    urn:newsml:reuters.com:*:nL1N2RV25Q
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 (Reporting by Scott DiSavino
Editing by Marguerita Choy)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))