Venture Global gets OK on 4th LNG block at Louisiana Calcasieu plant

CKX Lands

08/02/2022 16:10

Feb 8 (Reuters) - U.S. liquefied natural gas (LNG) company
Venture Global LNG received permission on Tuesday from federal
energy regulators to commission the fourth liquefaction block at
the company's Calcasieu Pass LNG export plant in Louisiana.
    A tanker, the Yiannis, arrived on Monday near Calcasieu and
could be first vessel to pick up a cargo from the facility,
according to data from Refinitiv.
    Last week, Venture Global sought permission from the U.S.
Federal Energy Regulatory Commission (FERC) to load the first
commissioning cargo from Calcasieu on or after Feb. 9.
 urn:newsml:reuters.com:*:nL1N2UF1MK
    Officials at Venture Global have not yet said whether the
Yiannis would be the first tanker to pick up LNG at the
facility.
    After pulling in feed gas from pipelines since around August
to test equipment, according to Refinitiv data, Venture Global
said Calcasieu started producing LNG around Jan. 19.
 urn:newsml:reuters.com:*:nL1N2UE36M
    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.
    FERC has already approved the commissioning of three blocks
- Tuesday's approval makes four.  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 around 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  SHEL.L , BP
PLC  BP.L , Edison SpA  EDNn.MI , Galp Energia SGPS SA  GALP.LS 
and Polish Oil and Gas Co (PGNiG).  urn:newsml:reuters.com:*:nL1N2RG083  urn:newsml:reuters.com:*:nL1N2RV052

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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
REFILE-Venture Global LNG's Calcasieu Pass plant begins
production in Louisiana     urn:newsml:reuters.com:*:nL1N2UE36M
Venture Global seeks OK to load first LNG cargo at Louisiana
Calcasieu plant     urn:newsml:reuters.com:*:nL1N2UF1MK
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 (Reporting by Scott DiSavino; Editing by Will Dunham)
 ((scott.disavino@thomsonreuters.com; +1 332 219 1922))