Venture Global takes FID on Plaquemines LNG facility
May 25, 2022
Venture Global LNG has announced FID and successful financial closing for the initial phase of the Plaquemines LNG facility and the associated Gator Express pipeline.
The project has received all necessary permits, including FERC authorization and non-FTA export authorization from the U.S. DOE. In addition, the company has 80% of the 20 MTPA committed under 20-year SPAs. Customers of phase one include PGNiG, Sinopec, CNOOC, Shell and EDF; phase two customers announced to date include ExxonMobil, PETRONAS and New Fortress Energy.
Edited from Venture Global’s Press Release
