![]() “The CP2 LNG facility, adjacent to Calcasieu Pass, will build on our vision of making Louisiana an international hub for innovation to enhance global energy security.” Our companies share a commitment to keeping energy markets well supplied while also advancing clean energy goals, through the export of low-cost US LNG to emerging economies,” said Mike Sabel, Chief Executive Officer of Venture Global LNG. “Venture Global is proud to enter into a long-term LNG partnership with New Fortress Energy. In December 2021, Venture Global filed a formal application requesting authorization from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate the 20 MTPA nameplate capacity CP2 LNG facility. In addition to 1 MTPA from Plaquemines LNG, NFE agreed to purchase an additional 1 MTPA of LNG from Venture Global’s CP2 LNG facility, located in Cameron Parish, Louisiana, adjacent to Venture Global’s existing Calcasieu Pass LNG facility. “These volumes support our plan to expand and diversify our stable natural gas supply portfolio to meet the growing needs of our customers in a structurally short global natural gas market.” “We are pleased to partner with Venture Global as we advance our mission of providing customers around the world with access to low-carbon natural gas and affordable electricity,” said Wes Edens, Chairman and CEO of NFE. ![]() ![]() Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global’s Plaquemines LNG export facility in Plaquemines Parish, Louisiana for a term of 20 years. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana. (NASDAQ: NFE) (together with its affiliates, “NFE”) announced today the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG (“Venture Global”). Department of Energy.NEW YORK-(BUSINESS WIRE)-Mar. Venture Global has not officially announced the Sinopec deal yet, but did talk about it in a Plaquemines filing with the U.S. Some of the LNG that Sinopec will buy could come from Calcasieu and some from Plaquemines. Units of China Petroleum and Chemical Corp (600028.SS), or Sinopec, have also agreed to buy LNG from Venture Global as China, the world's second-biggest economy, looks to secure long-term energy supplies amid soaring gas prices and domestic power shortages. Several 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). 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. Analysts estimate the plant cost about $4.5 billion. ![]() Venture Global is installing 18 modular liquefaction trains 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. The plant is expected to start producing LNG in test mode later this year before entering commercial service in early 2022. Venture Global filed for permission to build the project in September 2015 and received FERC approval to start construction in February 2019. Federal Energy Regulatory Commission (FERC), Venture Global said it has fulfilled the environmental conditions needed to start commissioning and requested FERC give permission to proceed no later than Oct. liquefied natural gas company Venture Global LNG asked federal regulators on Friday for permission to start commissioning liquefaction systems at the company's Calcasieu Pass LNG export plant in Louisiana. ![]()
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