ARLINGTON, Va., June 25, 2024 /PRNewswire/ -- Today, Venture
Global announced the successful launch of its first LNG
vessel, the Venture Gator at a ceremony which took place at the
Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the
first of nine LNG carriers in the Venture Global fleet to be
completed in quick succession across three shipyards in
South Korea over the coming 24
months, which will transport LNG from the U.S. to multiple global
partners and destinations. The ship deploys best-in-class
environmental and efficiency technology and will be primarily
fueled by Venture Global's liquefied natural gas. The
Venture Gator and progressively the fleet's other eight
ships will commence serving our global partners in Europe and Asia beginning this fall.
"Venture Global is proud to have launched our first ship, the
Venture Gator at SHI in Korea. President Biden has committed
to increasing LNG supply into Europe and we are pleased to be in a position
to continue to support these efforts with a fast-growing shipping
fleet, wholly owned, operated and controlled by Venture Global.
With these ships, we will increase the security of natural gas
supply, through low-cost LNG delivered directly to allies across
the world," said Mike Sabel, CEO of Venture Global.
The Venture Gator is a 174,000 cubic meter ship, in a
state-of-the-art fleet which showcases the industry's newest, clean
technologies for transporting LNG across the world. The new hull
design; onboard reliquefication (for liquefying gas which has
"boiled-off" in transit); air-lubrication systems (ejecting air
bubbles from the hull to reduce friction through the
water); an auxiliary shaft generator (reducing the number of
auxiliary generators running at sea) and exhaust gas recirculation
systems (to reduce methane) make Venture Global's LNG new-build
carrier fleet among the cleanest on the ocean today.
About Venture Global LNG
Venture Global is a long-term, low-cost provider of U.S. LNG
sourced from resource rich North American natural gas basins.
Venture Global's first facility, Calcasieu Pass, commenced
producing first LNG in January 2022.
The company is also constructing or developing an additional 60
MTPA of production capacity in Louisiana to provide clean, affordable energy
to the world. The company is developing Carbon Capture and
Sequestration (CCS) projects at each of its LNG facilities
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