Venture Global LNG seeks approval to speed up plant construction

China Gas Holdings

30/06/2023 22:22

HOUSTON, June 30 (Reuters) - LNG developer Venture
Global LNG on Friday asked U.S. regulators for expedited review
of a request to add construction workers to its Plaquemines LNG
export project and to allow work around the clock seven days per
week. 
    The company wants to increase staffing to 6,000 workers,
from 4,700 originally approved, and speed up construction after
weather delays last year, it said in a request to the Federal
Energy Regulatory Commission. 
    The company originally sought to go to a 24-hour schedule
last October. It asked FERC commissioners to approve the
increase at their July 27 meeting. 
    Plaquemines LNG hopes to begin exports from the Gulf Coast
facility's first phase late next year and to complete
construction of the plant's second phase by the end of 2026, the
company said in its filing. 
    The $21 billion Plaquemines project is one of the largest
project financings for an LNG terminal. At full capacity, the
plant would produce about 20 million tonnes per annum (MTPA) of
LNG.
    Plaquemines LNG phase two customers include Exxon Mobil
 XOM.N , Chevron  CVX.N , EnBW Energie Baden Wuerttemberg
 EBKG.DE , New Fortress Energy  NFE.O , Petronas, China Gas
Holdings  0384.HK  and Excelerate Energy  EE.N .
    Venture Global has plans for about 70 MTPA of LNG export
capacity in Louisiana. Its first project, the 10-MTPA Calcasieu
Pass LNG plant, began exports last year. 

 (Reporting by Curtis Williams in Houston
Editing by Matthew Lewis)
 ((Curtis.Williams@thomsonreuters.com; +1 346 324 7560;))