Venture Global took FID on Plaquemines LNG Phase II

March 13, 2023

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Venture Global LNG took an FID on the second phase of the 20 MTPA Plaquemines LNG facility and issued a full notice to proceed to KZJV to continue construction on phase two of the project. The company also announced the closing of the $7.8 Bn project financing for phase two, out of $21 Bn of investment in total for phases one and two. Plaquemines LNG has received all necessary permits, including authorization from FERC and a non-FTA export authorization from the DoE. Customers of phase two at Plaquemines LNG include ExxonMobil, Chevron, EnBW, New Fortress Energy, China Gas, Petronas and Excelerate Energy.

Edited from Venture Global Press Release