Venture Global completes roof raising of 2nd storage tank at Plaquemines LNG

US LNG producer Venture Global LNG is advancing works on its Plaquemines LNG export facility in Plaquemines Parish, Louisiana, with the raising of the roof of the second LNG storage tank.

The project milestone was completed ahead of schedule and comes just seven weeks after the roof raising of tank one, the company said in a statement issued on 17 April.

This is the second tank of four in total for Plaquemines LNG. When operational it will be capable of storing 200,000 m3 of LNG.

According to Venture Global LNG, the roof weighs 900 tons and is 294 feet in diameter. Eventually, the tank will have an inner tank made from 9% nickel alloy and an outer wall and outer roof made from concrete to provide full containment of the LNG and provide the maximum level of resilience and safety.

“Today represents another major milestone in the construction of Plaquemines LNG, with both roofs now raised for the tanks serving Phase One”, said Mike Sabel, CEO of Venture Global LNG. “With Phase One deep into construction and our recent FID and full notice to proceed on Phase Two, Plaquemines is well positioned to be the next new major LNG capacity to reach the global market.”

On 13 March this year, the company announced the FID and successful closing of the $7.8 billion project financing for the second phase of the Plaquemines LNG. The FID for the first phase was taken in May 2022.

Together, phase one and phase two represent approximately $21 billion of investment, which is said to be the largest project financing ever done.

The proceeds of the debt and equity financing fully fund the balance of construction and commissioning of the second phase of the 20 million tonnes per annum (mtpa) nameplate capacity project.