(Energy Analytics Institute, 14.Dec.2024) — Venture Global achieved first LNG production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana.
Venture Global said 14 Dec. 2024 in an official statement that teaching this milestone for a 20 million tonnes per annum (mtpa) nameplate capacity project 30 months after taking a final investment decision (FID) ranks Plaquemines LNG as one of the two fastest greenfield projects to reach first production, along with Venture Global’s first facility Calcasieu Pass.
Once fully operational, Plaquemines LNG will be among the largest facilities in the world.
“Reaching first LNG at Plaquemines at this pace will enable the United States to remain the top exporter of LNG in the world. Between current and planned facilities, Venture Global is prepared to invest $50bn in energy projects based in the United States which will create jobs, support local economies, strengthen the balance of trade and unleash much needed US LNG supply to our allies,” Venture Global CEO & Co-Founder Mike Sabel said in the statement.
Plaquemines LNG reached a FID on Phase 1 in May 2022, and on Phase 2 in Mar. 2023.
Due to Venture Global’s unique configuration and construction approach, Plaquemines will produce and export LNG while construction and commissioning continues for the remainder of the project’s 36 trains and associated facilities, unlocking significant additional US LNG supply years faster than any other new suppliers of LNG to the rapidly growing global market, Venture Global said.
This incremental supply has proven to be a valuable geopolitical asset for the US especially in recent years during a time of historically tight global LNG markets and project delays.
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