Country for PR: United States
Contributor: PR Newswire New York
Wednesday, March 06 2019 - 05:14
AsiaNet
Venture Global Calcasieu Pass Receives Non-FTA Export Authorization from the U.S. Department of Energy
ARLINGTON, Virginia, March 6, 2019 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. announces that the U.S. Department of Energy (DOE) 
Office of Fossil Energy has issued the authorization for Venture Global 
Calcasieu Pass LNG to export domestically produced liquefied natural gas from 
its Cameron Parish, Louisiana export facility to non-free trade agreement (FTA) 
countries.  Under the terms of the order, Calcasieu Pass is authorized to 
export up to 620 billion cubic feet (Bcf) per year of natural gas (1.7 Bcf/day) 
for a period of 25 years, to commence on the earlier of the date of first 
export or seven years from the date of the requested authorization.  This order 
follows the DOE's previous authorizations to export to FTA countries, as well 
as the recent U.S. Federal Energy Regulatory Commission (FERC) Order Granting 
Authorizations under Sections 3 and 7 of the Natural Gas Act to site, construct 
and operate the project.

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Co-CEOs Bob Pender and Mike Sabel jointly stated, "We are excited that we now 
have all federal authorizations for our Calcasieu Pass project, and we thank 
the Department of Energy for their expeditious decision.  We are pleased that 
our Calcasieu Pass buyers – Shell, BP, Edison, Galp, Repsol, and PGNiG – can 
now deliver our low-cost US-produced energy worldwide, and we are proud to 
bring the benefit of the DOE's decision to our country and our local 
communities in Louisiana. We have filed our implementation plans with FERC to 
commence site works imminently."

The 10 MTPA nameplate Calcasieu Pass facility will employ a comprehensive 
process solution from 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. 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 employs 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, D: +1 202 759-6746, lwoodward@vglng.com, 
Media, Jessica Wickett, D: +1 202 759-6739, jwickett@vglng.com
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