Venture Global makes Calcasieu Pass LNG FID

Venture Global LNG Inc. has made a final investment decision and closed project financing for its 10-million tonne/year Calcasieu Pass LNG plant and associated 1.9-bcfd TransCameron pipeline in Cameron Parish, La.

Venture Global LNG Inc. has made a final investment decision and closed project financing for its 10-million tonne/year Calcasieu Pass LNG plant and associated 1.9-bcfd TransCameron pipeline in Cameron Parish, La. Site construction has been under way since February and the project is expected to begin commercial operations in 2022. TransCameron will extend 24 miles of 42-in. OD pipe from east of a TETCO interconnect to the LNG plant.

Calcasieu Pass has received all necessary permits, including authorization from the US Federal Energy Regulatory Commission and from the US Department of Energy for non-Free Trade Agreement export. The project has 20-year LNG sales agreements with Shell, BP, Edison SPA, Galp Energia SGPS SA, Repsol SA, and Polish Oil & Gas Co.

Venture Global also is developing the 20-million tpy Plaquemines LNG project and the 20-million tpy Delta LNG project, both in Plaquemines Parish, La.

Proceeds of debt and equity financing fully fund the balance of construction and commissioning at Calcasieu Pass.

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