Country for PR: United States
Contributor: PR Newswire New York
Friday, February 22 2019 - 23:00
AsiaNet
Venture Global Calcasieu Pass and TransCameron Pipeline Receive FERC Order Granting Authorizations
ARLINGTON, Virginia, Feb. 22, 2019 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. announces that the U.S. Federal Energy Regulatory 
Commission (FERC) has issued the Order Granting Authorizations under Sections 3 
and 7 of the Natural Gas Act for the company's Venture Global Calcasieu Pass 
LNG export facility and associated TransCameron Pipeline in Cameron Parish, 
Louisiana.

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"With our FERC order in hand and our project contracted with binding 20-year 
sale and purchase agreements (SPAs) with Shell, BP, Edison S.p.A., Galp, Repsol 
and PGNiG, we plan to immediately commence construction activities in Louisiana 
in close coordination with FERC and other agencies," Co-CEOs Bob Pender and 
Mike Sabel jointly stated. "This milestone is the culmination of years of 
effort, and we are proud of the excellent work done by our regulatory, 
environmental, legal and engineering teams. We are excited to begin 
construction of our Calcasieu Pass project and deliver low-cost LNG to our 
global customers in 2022."

The 10 MTPA nameplate Calcasieu Pass facility will employ a comprehensive 
process solution from GE Oil & Gas, LLC, part of Baker Hughes, a GE company 
(BHGE) that utilizes mid-scale, modular, factory-fabricated liquefaction 
trains. Venture Global has executed an integrated turnkey EPC contract with 
Kiewit to design, engineer, construct, commission, test and guarantee the 
Calcasieu Pass facility. 

The company is also developing the 20 MTPA nameplate Plaquemines LNG export 
facility and associated Gator Express Pipeline in Plaquemines Parish, 
Louisiana. The Plaquemines LNG facility received its draft Environmental Impact 
Statement on November 13, 2018 and expects to receive its final Environmental 
Impact Statement on May 3, 2019, according to the Notice of Schedule for 
Environmental Review issued by FERC on August 31, 2018. FERC has established a 
90-day Federal Authorization Decision Deadline of August 1, 2019. Plaquemines 
LNG has executed a binding 20-year SPA with PGNiG. 

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from 
resource rich North American natural gas basins. Venture Global LNG's 
liquefaction process system will employ a highly efficient and reliable suite 
of products supplied by BHGE. Venture Global LNG is developing both the 10 MTPA 
Venture Global Calcasieu Pass facility (on an approximately 1,000-acre site 
located at the intersection of the Calcasieu Ship Channel and the Gulf of 
Mexico) and the 20 MTPA Venture Global Plaquemines LNG facility (on an 
approximately 630-acre site in Plaquemines Parish, Louisiana, 30 miles south of 
New Orleans on the Mississippi River). Venture Global has raised $855 million 
of capital to-date to support the development of its projects.  More can be 
found at www.venturegloballng.com.
 
SOURCE - Venture Global LNG, Inc.

CONTACT: Investor: Leah Woodward, lwoodward@vglng.com; or Media: Jessica 
Wickett, +1 202 759-6739, jwickett@vglng.com 
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