America's 8th LNG export facility
reaches production 30 months from FID
ARLINGTON, Va., Dec. 14,
2024 /PRNewswire/ -- Today, Venture Global announced
it has reached first LNG production at the company's second
facility, Plaquemines LNG, in Port
Sulphur, Louisiana. Achieving this milestone for a 20 MTPA
nameplate capacity project 30 months from its Final Investment
Decision (FID) makes Plaquemines LNG one of the two fastest
greenfield projects to reach first production, along with Venture
Global's first facility Calcasieu Pass. Once fully operational,
Plaquemines LNG will be among the largest facilities in the
world.
"Venture Global is proud to have a world-class team wholly
dedicated to our company's mission of innovating to provide
reliable, low-cost, LNG to the world. Because of their hard work
and commitment, Venture Global is executing on our promise to
deliver much-needed LNG to our allies and strengthen global energy
security and reliability. Reaching first LNG at Plaquemines at this pace will enable
the United States to remain the
top exporter of LNG in the world. Between current and planned
facilities, Venture Global is prepared to invest $50 billion in energy projects based in
the United States which will
create jobs, support local economies, strengthen the balance of
trade and unleash much needed US LNG supply to our allies," said
Venture Global CEO & Co-Founder Mike
Sabel.
Plaquemines LNG reached a Final Investment Decision on Phase One
in May 2022, and on Phase Two in
March 2023. Because of Venture
Global's unique configuration and construction approach,
Plaquemines will produce and
export LNG while construction and commissioning continues for the
remainder of the project's 36 trains and associated facilities,
unlocking significant additional US LNG supply years faster than
any other new suppliers of LNG to the rapidly growing global
market. This incremental supply has proven to be a valuable
geopolitical asset for the United
States especially in recent years during a time of
historically tight global LNG markets and project delays.
About Venture Global
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 business includes
assets across the LNG supply chain including LNG production,
shipping and regasification. Venture Global's first facility,
Calcasieu Pass, commenced producing LNG in January 2022. The company's second facility,
Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently
constructing and developing over 100 MTPA of nameplate production
capacity to provide clean, affordable energy to the world. Venture
Global is developing Carbon Capture and Sequestration (CCS)
projects at each of its LNG facilities.
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SOURCE Venture Global LNG