Country for PR: United States
Contributor: PR Newswire New York
Saturday, May 04 2019 - 04:19
AsiaNet
Venture Global LNG Announces Regulatory Milestone for Plaquemines LNG and 20 MTPA Delta LNG Export Project
ARLINGTON, Virginia, May 4, 2019 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. announces that the U.S. Federal Energy Regulatory 
Commission (FERC) has issued the final Environmental Impact Statement (EIS) for 
the company's 20 million tonne per annum (MTPA) Plaquemines LNG facility in 
Plaquemines Parish, Louisiana. On August 31, 2018, FERC notified Venture Global 
LNG that it plans to issue a Final Order for the Plaquemines LNG facility and 
the associated Gator Express Pipeline no later than August 1, 2019. The project 
remains on track for a Final Investment Decision and commencement of 
construction in late 2019 with full commercial operations expected in 2023.

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Co-CEOs Bob Pender and Mike Sabel jointly stated, "We thank FERC for their 
timely issuance of the final EIS, which is an important regulatory milestone 
for our Plaquemines project. Plaquemines LNG has a binding 20-year offtake 
agreement with our partner PGNiG for 1 MTPA, and we are looking forward to 
announcing additional commercial milestones in the near-term."

Venture Global is also pleased to announce that FERC has accepted the company's 
pre-filing request for its 20 MTPA Delta LNG project, on the Mississippi River 
south of New Orleans, and associated Delta Express pipeline.

"Delta LNG will allow us to accommodate additional customer demand beyond 
Plaquemines while replicating the industry-changing, low-cost approach taken by 
our Calcasieu Pass and Plaquemines projects. We are excited to be under 
construction and in development on a total of 50 MPTA of liquefaction capacity, 
to bring North American natural gas to the world."

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 has begun construction of the 10 
MTPA Venture Global Calcasieu Pass facility at the intersection of the 
Calcasieu Ship Channel and the Gulf of Mexico and is developing the 20 MTPA 
Venture Global Plaquemines LNG facility 30 miles south of New Orleans on the 
Mississippi River, and the 20 MTPA Venture Global Delta LNG facility, also on 
the Mississippi River south of New Orleans. 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.

CONTACT: Investor: Leah Woodward, D: +1 202 759-6746, lwoodward@vglng.com; or 
Media: Jessica Wickett, D: +1 202 759-6739, jwickett@vglng.com

SOURCE: Venture Global LNG, Inc.
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