Venture Global LNG makes FID on phase 2 of Plaquemines export plant in Louisiana (updated)

China Gas Holdings

13/03/2023 16:58

(Adds quotes and details)
       March 13 (Reuters) - U.S. liquefied natural gas (LNG)
company venture Global LNG said on Monday that it made a final
investment decision (FID) to go forward with the second phase of
its Plaquemines LNG export plant in Louisiana.
    Venture Global said it decided to go forward with phase 2
after securing $7.8 billion of project financing for the
project. The company said that completes about $21 billion in
total for the overall Plaquemines project.
        “Venture Global is proud to announce a positive Final
Investment Decision (FID) for phase two of Plaquemines LNG, less
than 10 months after sanctioning phase one,” Venture Global CEO
Mike Sabel said in a press release.
  
        The company said it issued full notice to KZJV to
continue construction of phase 2, making phase 2 the first U.S.
project to take FID in 2023.
  
        KZJV is a joint venture between construction firm Zachry
Group and engineering firm KBR Inc  KBR.N .
  
        Venture Global said Plaquemines LNG phase two customers
include units of Exxon Mobil Corp  XOM.N , Chevron Corp  CVX.N ,
EnBW Energie Baden Wuerttemberg AG  EBKG.DE , New Fortress
Energy Inc  NFE.O , PETRONAS, China Gas Holdings Ltd  0384.HK 
and Excelerate Energy Inc  EE.N .
  
    
    

 (Reporting by Scott DiSavino; Editing by Chizu Nomiyama)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))