The final environmental impact statement is in for Venture Global LNG Inc.’s Plaquemines facility.
The U.S. Federal Energy Regulatory Commission plans to issue a final order for its deepwater access liquefaction facility and associated Gator Express Pipeline no later than Aug. 1. The 20 million-tons-per-year project remains on track for a final investment decision and construction in late 2019, with full commercial operations expected in 2023.
In a statement issued late last week, co-CEOs Bob Pender and Mike Sabel called it an “important regulatory milestone for our Plaquemines project. Plaquemines LNG has a binding 20-year offtake agreement with our partner PGNiG for 1 MMtpa, and we are looking forward to announcing additional commercial milestones in the near-term.”
FERC has also accepted the company’s pre-filing request for its 20 million-tons-per-year Delta LNG project, on the Mississippi River south of New Orleans, and associated Delta Express pipeline.
“Delta LNG will allow us to accommodate additional customer demand beyond Plaquemines while replicating the industry-changing, low-cost approach taken by our Calcasieu Pass and Plaquemines projects,” the CEOs said in the statement. “We are excited to be under construction and in development on a total of 50 MPTA of liquefaction capacity, to bring North American natural gas to the world.”
Venture Global LNG has begun construction of the 10 MTPA Venture Global Calcasieu Pass facility at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico, and is developing the 20 MTPA Venture Global Plaquemines LNG facility and the 20 MTPA Venture Global Delta LNG facility, both along the Mississippi River south of New Orleans. Venture Global has raised $855 million of capital to-date to support the development of its projects.
