Energia
VENTURE GLOBAL ANNOUNCES NEW SALES AGREEMENTS FOR PLAQUEMINES AND CP2 LNG, RELEASES UPDATE ON PRE-FID MILESTONES
Today, the company is also announcing several milestones in its pre-FID activities for Plaquemines LNG:
"In today's global market, execution and speed matter, and Venture Global is uniquely positioned to quickly deliver US LNG capacity to meet the world's growing demand for energy," said
Mike Sabel , CEO of Venture Global. "With that in mind-and building on the successful record of 29 months from FID to first LNG production at Calcasieu Pass- our company has moved forward with an expedited schedule for
Plaquemines . While we conclude the project financing process, we have taken a number of steps to accelerate our project, including the award of major EPC contracts and launching construction in the fall of 2021."
Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.
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