Locator: 48659LNG.
Venture Global is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity if regulators approve the CP2 export project.
Venture Global is urging the Federal Energy Regulatory Commission (FERC) to greenlight its third liquefaction plant, CP2 in Louisiana, by the middle of the year.
The CP2 LNG facility will be located adjacent to Venture Global’s Calcasieu Pass LNG facility in Cameron Parish, Louisiana.
CP2 LNG was initially proposed to be a facility with a capacity of 20 million metric tons per annum (mtpa), but Venture Global has raised the maximum capacity to 28 mtpa.
Venture Global’s two operational LNG export terminals, Calcasieu Pass and Plaquemines, have a combined capacity of 38.5 mtpa. CP2 would add another 28 mtpa and raise the company’s total export capacity to 66.5 mtpa, above Cheniere’s 60 mtpa.
Venture Global more than doubled its first-quarter revenue from a year earlier as its Plaquemines and Calcasieu Pass plants have launched operations and exports in recent months.
Last month, Venture Global started contractual deliveries from its first LNG export project, Calcasieu Pass, to its long-term customers amid an ongoing dispute with major oil and gas firms over the delays to the official commercial operations date at the export project.
Much more at the link.
*************************
LNG Termainals
****************************************
North American LNG Project Tracker
Flashback: from November 6, 2023.
Locator: 45962LNG.
