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). 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 the 20-MTPA CP2. "As Louisiana pursues a goal of net-zero emissions by 2050, projects that feature carbon capture and sequestration allow our state to sustain industry without sacrificing our long-term carbon-reduction goals," Edwards said. The CP2 project is designed to produce about 20 million tonnes per annum (MTPA) of LNG and will incorporate technology to reduce the amount of carbon dioxide released into the atmosphere. Louisiana Governor John Bel Edwards said in the release that "The CP2 facility in Cameron (Parish) will create more than 1,000 new permanent jobs and thousands of construction jobs in the area, which will have a significant impact on our economy." “These two projects (Calcasieu and CP2), combined with our Plaquemines LNG facility now under construction, represent more than $20 billion of investment in the State of Louisiana," Venture Global Chief Executive Mike Sabel said in a statement. Analysts have estimated Calcasieu Pass cost about $4.5 billion. The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year. liquefied natural gas (LNG) company Venture Global LNG said on Thursday that it will invest more than $10 billion to develop a fourth LNG export facility in Louisiana. Plaquemines LNG would deploy Venture Global’s liquefaction trains 19 through 36, identical to the 18 trains currently being delivered and installed at Calcasieu Pass.Dec 2 (Reuters) - U.S. Once operational, the Calcasieu Pass project would become the seventh large LNG export facility in the US.īesides this project, Venture Global recently said it had started works to prepare the construction site for its planned Plaquemines LNG project in Louisiana. Some reports also suggested the firm had issued a tender for cargoes from Calcasieu Pass for delivery starting later this year. The firm also said in a filing to FERC in March that it could start first exports from the LNG facility by the end of this year, with full operations planned in mid-2022. ![]() ![]() Venture Global gets Calcasieu Pass modular trains from Baker Hughes’ manufacturing facility in Italy. ![]() The Calcasieu Pass project will produce about 10 mtpa of LNG from 18 modular units configured in 9 blocks. Venture Global said on its website that it. This means the project had started commissioning activities and one of the next major steps would be to introduce feed gas to the liquefaction units.Ī report by Platts also said that Venture Global LNG’s chief commercial officer Tom Earl revealed last week during the Gastech conference in Dubai the project would begin production “within months.” Energy analysts have estimated the cost of Calcasieu at around 4.5 billion and said it could start producing LNG in test mode as soon as late 2021. The project has received approvals to introduce fuel gas to the first and second gas turbine generator, as well as to supply liquid nitrogen to the air separation unit, US FERC said in several recent fillings. Venture Global LNG’s Calcasieu Pass export project in Louisiana continues to progress towards first LNG production, which could occur by the end of this year.
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