Venture Global to expand LNG development business

Arlington, Virginia – Venture Global LNG, Inc. announced that it will expand the scope of its LNG development business to 60 million tonnes per year (MTPY) of production based on customer demand. 

The company has increased the size of its 2016 process equipment supply agreement with Baker Hughes, a GE company to 60 MTPY, under which BHGE will deliver a comprehensive technology solution for Venture Global’s LNG export facilities under  agreed terms and defined performance guarantees.  The agreement provides for the guaranteed supply of highly efficient and reliable modular liquefaction trains plus power generation and electrical distribution equipment that will be standardized across the company’s Calcasieu Pass, Plaquemines LNG, and expansion projects. 

“With this expanded 60 MTPY commitment from BHGE, we can grow our business to meet the increasing demand for our low-cost LNG from our international customers.  Having fully contracted Calcasieu Pass and anticipating completion of Plaquemines LNG, we are pleased to announce this expansion to meet additional customer demand.  We believe our model of mid-scale modular liquefaction is the future of low-cost LNG production," Co-CEOs Bob Pender and Mike Sabel jointly said. 

The 10 MTPY Calcasieu Pass project has received all federal authorizations and the project’s EPC contractor, Kiewit, is actively mobilizing pursuant to FERC authorization and plans to commence fully site activities imminently.  Under 20-year agreements with Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG, Calcasieu Pass will begin delivering US natural gas to the global market in 2022.  The 20 MTPY Plaquemines LNG project is expected to receive its final FERC authorization in August and commence construction in 2019.

 

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