Page 8 - AsianOil Week 43 2021

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Venture Global makes progress

ahead of Calcasieu Pass start-up

Venture Global LNG is preparing to begin commissioning on its Calcasieu Pass
liquefaction plant in Louisiana after striking three supply deals with China’s Sinopec

COMMENTARY US-BASED Venture Global LNG is making Momentum
advances at both its Calcasieu Pass facility, which At Calcasieu Pass, Venture Global has requested
is due to enter commercial service soon, and its permission from US regulators to begin com-
WHAT: proposed Plaquemines terminal – both on the missioning liquefaction systems. The company
Venture Global has Louisiana Gulf Coast. The company’s progress told the US Federal Energy Regulatory Com-
asked regulators for appears to be driven in part by three deals with mission (FERC) in a filing last week that the
permission to begin China’s Sinopec, details of which emerged last environmental conditions required to begin
the commissioning of week. (See NorthAmOil Week 42) commissioning had been met, and that it was
liquefaction systems at On October 19, the US Department of therefore seeking permission to proceed. Once
Calcasieu Pass LNG. Energy (DoE) made public a letter showing that permission is granted, the facility would start
Venture Global had signed two 20-year supply producing LNG in test mode later this year,
WHY: deals with Sinopec, for a combined 4mn tonnes before entering commercial service in 2022.
The terminal is due to per year (tpy) of LNG. Both deals involve supply Days later, Reuters reported that Venture
begin producing LNG in from Plaquemines. Two days later, details of a Global had also asked the FERC for permission
test mode this year before further deal between Venture Global and Sino- to start early work at the site of the Plaquemines
entering commercial pec’s Unipec trading arm – for 1mn tpy of LNG terminal. The company is reported to have asked
service in 2022. to be supplied from Calcasieu Pass – emerged for permission by November 25 to start install-
in a separate letter from the US company to the ing piles and pile caps for the heavy haul bridge
WHAT NEXT: DoE. at the site. The bridge will allow for heavy mod-
The company has also Venture Global itself has not commented on ules to be transported to the site from offloading
requested permission to the deals, but in the subsequent days, the com- facilities on the Mississippi River.
begin early work on its pany was reported to be moving forward with This comes ahead of a final investment deci-
proposed Plaquemines plans for both Calcasieu Pass and Plaquemines. sion (FID) on Plaquemines that is being targeted
LNG terminal.

P8 www. NEWSBASE .com Week 43 28•October•2021