Venture Global seeks OK to load first LNG cargo at Louisiana Calcasieu plant

CKX Lands

04/02/2022 17:17

Feb 4 (Reuters) - U.S. liquefied natural gas (LNG) company
Venture Global LNG sought permission from federal regulators to
load the first commissioning cargo from its Calcasieu Pass
export plant in Louisiana, according to a filing made available
on Friday.
    Venture Global asked the U.S. Federal Energy Regulatory
Commission (FERC) to authorize the first cargo before Feb. 9 so
the company could load that cargo on or after Feb. 9.
    Earlier this week, Venture Global said the Calcasieu
facility produced first LNG on Jan. 19.  urn:newsml:reuters.com:*:nL1N2UE36M
    Calcasieu has been pulling in feed gas from pipelines since
around August, according to Refinitiv data, as the company tests
equipment.
    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 three 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

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