GlobalData
1 min read
Venture Global has withdrawn its application to build the Delta LNG export facility in Louisiana, US, opting instead to concentrate on the Plaquemines expansion project.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.
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