Page 4 - GLNG Week 43 2021

GLNG COMMENTARY GLNG

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

PROJECTS & US-BASED Venture Global LNG is making Momentum
COMPANIES 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 Energy therefore seeking permission to proceed. Once
Calcasieu Pass LNG. (DoE) made public a letter showing that Ven- permission is granted, the facility would start
ture Global had signed two 20-year supply deals producing LNG in test mode later this year,
WHY: with Sinopec, for a combined 4mn tonnes per before entering commercial service in 2022.
The terminal is due to 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 Plaquem-
entering commercial pec’s Unipec trading arm – for 1mn tpy of LNG ines terminal. The company is reported to have
service in 2022. to be supplied from Calcasieu Pass – emerged asked for permission by November 25 to start
in a separate letter from the US company to the installing piles and pile caps for the heavy haul
WHAT NEXT: DoE. bridge at the site. The bridge will allow for heavy
The company has also Venture Global itself has not commented on modules to be transported to the site from off-
requested permission to the deals, but in the subsequent days, the com- loading 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.

P4 www. NEWSBASE .com Week 43 29•October•2021