Venture Global, a major player in the energy market, confirmed on December 15, 2024 the launch of liquefied natural gas (LNG) production at its Plaquemines LNG terminal, located in Port Sulfur, Louisiana. This terminal, with a nominal capacity of 20 million tonnes per year (MTPA), reached this strategic milestone only 30 months after its Final Investment Decision (FID).
With this speed record, Plaquemines LNG joins Venture Global's first terminal, Calcasieu Pass, as one of the two fastest greenfield projects to reach production. Ultimately, once fully operational, Plaquemines LNG will be among the largest LNG production facilities in the world.
A model of innovation and speed
The success of Plaquemines LNG is based on a unique technical configuration and an innovative approach to construction. Unlike traditional projects, this facility already produces and exports LNG while construction and commissioning work on the 36 trains and associated infrastructure continues. This strategy allows Venture Global to accelerate the provision of new capacity in a global market where LNG supply remains under pressure.
The project has progressed in two phases, with final investment decisions in May 2022 for Phase 1 and in March 2023 for Phase 2. This modularity and staggered management of operations makes it possible to respond more quickly to growing demand while reducing commissioning times.
Economic and geopolitical impact
The Plaquemines LNG terminal is part of Venture Global's broader investment strategy, with a portfolio of current and future projects representing a commitment of $50 billion. These projects aim to strengthen global energy security while supporting local economies and generating thousands of U.S. jobs.
At the same time, this increased capacity helps maintain the United States' position as the world's leading LNG exporter. In a context of tense markets and delays on other international projects, Plaquemines LNG constitutes a strategic asset to provide reliable energy to its allies.
The rapid development of this facility also reflects a shift in geopolitical priorities. Energy supply has become a central issue, particularly in response to recent imbalances in LNG markets and the challenges posed by international crises.
