Latest news with #DeltaLNG
Yahoo
2 days ago
- Business
- Yahoo
Venture Global withdraws Delta LNG project to prioritise Plaquemines expansion
Venture Global has withdrawn its application to build the Delta LNG export facility in Louisiana, US, opting instead to concentrate on the Plaquemines expansion project. The decision was outlined in a filing to the Federal Energy Regulatory Commission (FERC), where the company stated that pursuing the Delta LNG project would not be the most efficient use of its resources. The Plaquemines expansion project, which the FERC accepted for pre-filing review on 4 April, will see the construction of additional liquefaction facilities capable of producing up to 18.6 million tonnes per annum (mtpa) of liquefied natural gas (LNG). This project involves building 12 liquefaction blocks, a new marine loading berth and a natural gas-fired electrical generation facility on an approximately 250-acre site next to the existing terminal. Additionally, Venture Global plans to utilise an adjacent 350 acres of land to support the construction of the planned facilities. Despite shelving the Delta LNG project, Venture Global intends to retain the land earmarked for it, allowing for the possibility of reviving the project if market conditions become favourable. The company's statement was quoted by Reuters as saying: "Venture Global LNG expects that, upon completion, the Plaquemines Expansion Project will produce approximately the same quantities of LNG as the proposed Delta LNG Project but on a faster schedule.' Furthermore, Venture Global has initiated site work at its CP2 LNG export facility, following final approval from the FERC. The CP2 LNG terminal will be located on an approximately 1,150-acre site adjacent to the company's existing Calcasieu Pass LNG plant in Cameron Parish, Louisiana. "Venture Global withdraws Delta LNG project to prioritise Plaquemines expansion " was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Venture Global withdraws Delta LNG project to prioritise Plaquemines expansion
Venture Global has withdrawn its application to build the Delta LNG export facility in Louisiana, US, opting instead to concentrate on the Plaquemines expansion project. The decision was outlined in a filing to the Federal Energy Regulatory Commission (FERC), where the company stated that pursuing the Delta LNG project would not be the most efficient use of its resources. The Plaquemines expansion project, which the FERC accepted for pre-filing review on 4 April, will see the construction of additional liquefaction facilities capable of producing up to 18.6 million tonnes per annum (mtpa) of liquefied natural gas (LNG). This project involves building 12 liquefaction blocks, a new marine loading berth and a natural gas-fired electrical generation facility on an approximately 250-acre site next to the existing terminal. Additionally, Venture Global plans to utilise an adjacent 350 acres of land to support the construction of the planned facilities. Despite shelving the Delta LNG project, Venture Global intends to retain the land earmarked for it, allowing for the possibility of reviving the project if market conditions become favourable. The company's statement was quoted by Reuters as saying: "Venture Global LNG expects that, upon completion, the Plaquemines Expansion Project will produce approximately the same quantities of LNG as the proposed Delta LNG Project but on a faster schedule.' Furthermore, Venture Global has initiated site work at its CP2 LNG export facility, following final approval from the FERC. The CP2 LNG terminal will be located on an approximately 1,150-acre site adjacent to the company's existing Calcasieu Pass LNG plant in Cameron Parish, Louisiana. "Venture Global withdraws Delta LNG project to prioritise Plaquemines expansion " was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
Venture Global withdraws application to build Delta LNG plant, filing shows
HOUSTON, June 10 (Reuters) - Venture Global (VG.N), opens new tab asked U.S. federal regulators to withdraw its application to build its proposed 24 million metric tons per annum Delta LNG export facility in Louisiana, saying it can build its proposed Plaquemines expansion project faster, according to a filing on Tuesday. Venture Global is the second largest U.S. liquefied natural gas exporter and has been able to build new LNG plants quicker than any other company by manufacturing modular parts outside of the U.S. and then putting them together on site. Pursuing the Delta LNG Project would not be the best use of its corporate resources, Venture Global said on Tuesday in a filing to the Federal Energy Regulatory Commission. It said it has instead decided to focus on the Plaquemines Expansion Project which the commission accepted in its pre-filing review process on April 4, Venture Global said. "Venture Global LNG expects that, upon completion, the Plaquemines Expansion Project will produce approximately the same quantities of LNG as the proposed Delta LNG Project, but on a faster schedule," the company said. The Plaquemines expansion project will be 18 million metric tons per annum. Venture Global plans to keep the land it had set aside for Delta, should the market support the revival of the project, the company said.
