Venture Global LNG has announced its long-term expansion plan to increase production from 70Million tonnes per annum (MMTPA) to more than 100MMTPA of nameplate LNG export capacity.
To support this initiative, Venture Global will significantly utilize Baker Hughe’s equipment.
The two companies: Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global’s future LNG export projects. The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.
Venture Global says that “Cargoes originating from its Calcasieu Pass project have been delivered to 24 countries and accounted for approximately 10% of the LNG exported from the United States to Europe in 2022 and 2023”.
The company has taken Final Investment Decision (FID) on both phases of its 20.0 MMTPA nameplate Plaquemines LNG facility, which is on target to produce first LNG in 2024. The project has received the first four liquefaction train modules (Blocks 1 and 2) and the roof will be raised on its third LNG storage tank. The company “expects to commence construction of its CP2 LNG facility later this year, following receipt of FERC authorization”, Venture Global explains in a statement. “To date, 9.25 MTPA of CP2 LNG’s 20.0 MMTPA nameplate capacity has been sold under 20-year sales and purchase agreements. Baker Hughes, as a strategic LNG-equipment supplier to Venture Global, provided comprehensive LNG technology solutions to the Calcasieu Pass LNG facilities, and will provide the same to the currently under-construction Plaquemines LNG facility.
“Venture Global is thrilled to announce our long-term plan to expand LNG production both in and outside of Louisiana, building on the momentum of our first three projects – Calcasieu Pass, Plaquemines LNG and CP2 LNG,” said Mike Sabel, CEO of Venture Global. “Now more than ever we are committed to our mission of delivering low-cost LNG at a larger scale to support the world’s growing demand for energy security, prosperity, and environmental progress.”