Plaquemines LNG will invest billions in new facilities, equipment and labor and bring thousands of temporary and hundreds of permanent jobs to the state.” We are proud to now be developing a second LNG facility, to be located in Plaquemines Parish, Louisiana. “We have been delighted with the state’s supportive environment, unified regulatory approach, and skilled and qualified workforce. “From the very inception of our LNG export terminal project in Cameron, Venture Global LNG was and remains convinced that Louisiana is the best place in the United States to develop such important infrastructure projects,” said Venture Global co-Chief Executive Officer Bob Pender said. The 632-acre site – about 30 miles south of New Orleans – includes 7,000 feet of river frontage and is owned by the Plaquemines Port Harbor and Terminal District. The complex will be located on the west bank of the Mississippi River near Mile Marker 55, downriver of Myrtle Grove. Plaquemines LNG will be built to an export capacity of 20 million metric tons per year. This facility will have a major impact on the local and regional economies by providing hundreds of new high-paying jobs for our skilled workforce.” natural gas industry are bright, and Louisiana is well-positioned to capitalize on that success with ready access to natural gas supplies and deepwater access for shipping LNG to destinations worldwide. “We are happy to welcome Venture Global to Plaquemines Parish for its second multibillion-dollar LNG project in our state,” Gov. The project also is expected to generate 2,200 construction jobs. Louisiana Economic Development estimates that the project will result in an additional 728 new indirect jobs, for a total of more than 975 new jobs for Plaquemines Parish and the Southeast Region. Plaquemines LNG will create 250 new direct jobs at an average annual salary of $70,000 per year, plus benefits. Plaquemines LNG will be Venture Global’s second major natural gas liquefaction and export project in Louisiana, joining the $4.5 billion Calcasieu Pass project that was announced in Cameron Parish in December 2014 and is under development. John Bel Edwards and Venture Global LNG executives Bob Pender and Mike Sabel today announced the company will invest $8.5 billion to develop a natural gas liquefaction facility and LNG export terminal in Plaquemines Parish. Venture Global has about 70 MTPA of LNG export capacity in operation, construction or development in Louisiana, including the 10-MTPA Calcasieu Pass (operation), 20-MTPA Plaquemines (construction), 20-MTPA Delta (development) and 20-MTPA CP2 (development).BELLE CHASSE, La. Venture Global said Plaquemines LNG phase two customers include units of Exxon Mobil (XOM.N), Chevron (CVX.N), EnBW Energie Baden Wuerttemberg (EBKG.DE), New Fortress Energy (NFE.O), PETRONAS, China Gas Holdings (0384.HK) and Excelerate Energy (EE.N). KZJV is a joint venture between Zachry Group and KBR Inc. Venture Global said it issued full notice to KZJV to continue construction of phase 2, making it the first U.S. The combination of those sanctions and the shutdown of Freeport LNG's export plant in Texas helped drive gas prices to record highs in Europe and Asia during the summer 2022.Īnalysts have said the first phase at Plaquemines could start producing LNG in 2024, and the second in 2025. LNG increased after several countries around the world slowed purchases of Russian energy and imposed sanctions on Moscow after its invasion of Ukraine in February 2022. “Venture Global is proud to announce a positive FID for phase two of Plaquemines LNG, less than 10 months after sanctioning phase one,” Venture Global Chief Executive Mike Sabel said in a press release.ĭemand for U.S. Venture Global said that completes about $21 billion in total for Plaquemines, the largest project financing ever done in the space, to build the terminal that would produce about 20 million tonnes per annum (MTPA) of LNG. Phase two's final investment decision (FID) comes after the first phase was sanctioned in May. liquefied natural gas (LNG) company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing.
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