Venture Global seeks to feed gas into generator at Plaquemines LNG plant in Louisiana – 07/03/2024 at 20:52

Venture Global seeks to feed gas into generator at Plaquemines LNG plant in Louisiana – 07/03/2024 at 20:52
Venture Global seeks to feed gas into generator at Plaquemines LNG plant in Louisiana – 07/03/2024 at 20:52

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

U.S. liquefied natural gas company Venture Global LNG on Wednesday asked U.S. energy regulators for permission to take another step toward starting up its new export plant in Plaquemines, Louisiana, by powering its generator.

Plaquemines is under construction and is expected to be the next U.S. LNG export plant to come online around 2024.

Venture Global has asked the Federal Energy Regulatory Commission to approve by July 8 the company’s application to feed gas into a gas turbine generator.

Analysts said they expect Venture Global to complete work on the first phase of Plaquemines, with a capacity of 1.8 billion cubic feet per day, between 2024 and 2026, and the second phase, with a capacity of 1.2 billion cubic feet per day, between 2025 and 2026.

Officials in Plaquemines, where the company said the two phases would involve an investment of about $21 billion, were not immediately available for comment.

According to the financial company LSEG, very small quantities of natural gas were transported to the plant, or at least to the gas pipelines serving it, between June 26 and 30.

The United States is already the world’s largest LNG exporter, with seven export plants capable of converting about 13.8 billion cubic feet of gas per day into some 104.6 million tons per annum (MTPA) of LNG. A billion cubic feet is enough gas to power about five million American homes for a day.

Analysts expect U.S. LNG export capacity to reach about 17.0 billion cubic feet of gas or 129.4 million tons per year of LNG by mid-2025, when the first phase of Plaquemines and Cheniere Energy LNG.N’s expansion at its Corpus Christi, Texas, plant begin to come online in 2024.

Venture Global said Plaquemines’ customers include units of Exxon Mobil XOM.N , Chevron CVX.N , EnBW Energie Baden Wuerttemberg EBKG.DE , New Fortress Energy

NFE.N

, PETRONAS, China Gas Holdings 0384.HK , Excelerate
Energy

EE.N

, Polish Oil and Gas, China Petroleum and Chemical
(Sinopec) 600028.SS , China National Offshore Oil Corp, Shell

SHEL.L and Electricite de France.

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