Venture Global to expand long-term LNG production

Venture Global LNG plans to increase its nameplate LNG export capacity to more than 100 million tonnes/year (tpy) from 70 million tpy across its current and future projects in and outside of Louisiana.

To support the long-term expansion plan, Venture Global has expanded its master equipment supply agreement with Baker Hughes for the delivery of additional liquefaction train systems and power island systems for future LNG export projects, the service provider said Sept. 5.

Venture Global continues to execute and achieve milestones at each of its projects. Cargoes originating from its Calcasieu Pass project have been delivered to 24 countries and accounted for about 10% of the LNG exported from the US to Europe in 2022 and 2023.

The company has taken final investment decision (FID) on both phases of its 20 million tpy nameplate Plaquemines LNG plant, which is on target to produce first LNG in 2024. By early September, Plaquemines LNG will have received the first four liquefaction train modules (Blocks 1 and 2) and the roof will be raised on its third LNG storage tank.

Construction of the CP2 LNG plant is expected to begin later this year following receipt of FERC authorization. To date, 9.25 million tpy of CP2 LNG’s 20 million tpy nameplate capacity has been sold under 20-year agreements.

Baker Hughes provided LNG technology solutions to the Calcasieu Pass LNG plant, which began production in January 2022, and will provide the same to the currently under-construction Plaquemines LNG plant, the company said (OGJ Online, Feb. 7, 2022; Mar. 9, 2022).