Venture Global's Plaquemines plant set to produce first LNG, data shows
Adds background, context in paragraphs 2-3
By Curtis Williams
HOUSTON, Dec 12 (Reuters) - VentureGlobal LNG is on track to inaugurate liquefied natural gas (LNG) production atits Plaquemines export plantin Louisiana as soon as this week, LSEG data shows.
The startup will mark the first new U.S. plant this year to produce the superchilled gas, beating Cheniere Energy's LNG.N Corpus Christi midscale expansion project to market.
Plaquemines' 20 million metric tons per annum (MTPA) plant will cement Venture Global as the second-largest LNG exporter in the United States by capacity, and ensure that the United States remains the world's largest exporter of the superchilled gas.
The Louisiana export plantwas setto draw over 100 million cubic feet (mmcfd)of natural gas for the first time on Thursday, data from financial firm LSEG showed.
U.S. regulators gave Venture Global permission on Thursday tocommission its sixth of 18 blocks at Plaquemines, a document shows. Each block in the plant has two trains and utilize 150 mmcfd of gas.
Reporting by Curtis Williams in Houston; Editing by Mark Porter
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.