Venture Global's Calcasieu Pass plant in Louisiana close to producing LNG

CKX Lands

21/01/2022 13:10

Jan 21 (Reuters) - U.S. liquefied natural gas (LNG) company
Venture Global's Calcasieu Pass export plant in Louisiana is
close to producing its first LNG, energy traders said after the
amount of feed gas to the facility increased rapidly this week.
    The amount of gas flowing to Calcasieu rose to 88 million
cubic feet per day (mmcfd) on Friday, from an average of about
38 mmcfd during the prior week, according to pipeline data from
Refinitiv.
    Calcasieu has been pulling in gas since around August,
according to Refinitiv data, as the company tests equipment
before the facility enters commercial service later in 2022.
    Officials at Venture Global were not immediately available
for comment.
    Venture Global is installing 18 modular liquefaction trains
configured in nine blocks 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. Analysts estimate the
plant cost about $4.5 billion.
    Federal regulators have approved the commissioning of at
least two blocks so far.  urn:newsml:reuters.com:*:nL1N2SY1IL
    In total, Venture Global has about 70 MTPA of LNG export
capacity under construction or development in Louisiana,
including the 10-MTPA Calcasieu Pass, 20-MTPA Plaquemines,
20-MTPA Delta and 20-MTPA CP2.
    Venture Global has already started early site work on the
$8.5 billion Plaquemines project, which analysts expect to start
producing first LNG in 2024.
    Venture Global has entered long-term agreements to sell LNG
to units of several companies around the world, including China
National Offshore Oil Corp (CNOOC), China Petroleum and Chemical
Corp (Sinopec)  600028.SS , 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).
 urn:newsml:reuters.com:*:nL1N2RG083  urn:newsml:reuters.com:*:nL1N2RV052

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Venture Global gets loan for Louisiana Plaquemines LNG
construction      urn:newsml:reuters.com:*:nFWN2KH180
FACTBOX-U.S. new natural gas pipeline projects     urn:newsml:reuters.com:*:nL1N2K71HB
Venture Global delays Louisiana Plaquemines LNG export FID to
2021     urn:newsml:reuters.com:*:nL1N2I42CQ
UPDATE 2-China signs huge LNG deals with U.S. supplier Venture
Global      urn:newsml:reuters.com:*:nL1N2RG083
UPDATE 2-Sinopec signs China's largest long-term LNG contract
with U.S. firm     urn:newsml:reuters.com:*:nL1N2RV052
U.S. approves commissioning for Venture Global La. Calcasieu LNG
    urn:newsml:reuters.com:*:nL1N2RV25Q
U.S. approves Venture Global La. Calcasieu 2 LNG plant
commissioning     urn:newsml:reuters.com:*:nL1N2SY1IL
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 (Reporting by Scott DiSavino; Editing by Susan Fenton)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))