Page 12 - GLNG Week 14 2022

GLNG AMERICAS GLNG

Plaquemines would
be Venture Global’s
second LNG terminal in
Louisiana.

Venture Global to buy gas from

NextEra for Plaquemines LNG

PROJECTS & US LNG producer Venture Global LNG has Calcasieu Pass export plant, also in Louisiana.
COMPANIES reportedly reached an agreement to purchase However, Plaquemines would be double the size,
natural gas from a unit of NextEra Energy for with an eventual capacity of 20mn tonnes per
its planned Plaquemines LNG export plant on year compared with 10mn tpy at Calcasieu pass.
Louisiana’s Gulf Coast. Plaquemines is estimated by analysts to cost
The terms of the agreement have not been around $8.9bn to build. Venture Global is also
disclosed, but according to an April 4 Reuters proposing to build the Delta and CP2 LNG
report, Venture Global filed the agreement export terminals in Louisiana, each with a capac-
with the US Department of Energy (DoE) on ity of 20mn tpy. If all of its planned facilities are
March 22. The deal follows an earlier gas supply built in line with current plans, it will eventually
agreement with Spain’s Repsol, which is set to have 70mn tpy of LNG export capacity in oper-
supply Venture Global with 18.25bn cubic feet ation in the state.
(516.8mn cubic metres) per year over a three- Venture Global recently became the top US
year period. supplier to China by contracted volumes. In
Initial work on the site of the Plaquemines November 2021, the company reached a deal
terminal, located about 20 miles (32 km) south with China’s state-owned Sinopec to supply it
of New Orleans on the Mississippi River, began and a subsidiary with a combined 7.5mn tpy
last year. A final investment decision (FID) is of LNG. Then in December, it also reached a
anticipated this year and the facility is expected deal with state-owned China National Off-
to be operational in 2024. Zachry Group and shore Oil Corp. (CNOOC) to supply 3.5mn
KBR have been selected to build the first phase tpy of LNG.
of the modular facility. The company has also reached agreements
The design for Plaquemines will be the same to sell LNG to Shell, BP, Italy’s Edison, Portugal’s
as that of Venture Global’s newly operational Galp Energia and Poland’s PGNiG.™

P12 www. NEWSBASE .com Week 14 08•April•2022