Venture Global steps forward with Calcasieu Pass LNG export project

Venture Global LNG said that it will develop a liquefied natural gas export facility, the Calcasieu Pass project, in southwestern Louisiana.

The Calcasieu Pass Project, south of the city of Lake Charles, will be built, operated and manufactured in Louisiana, and will create 1,500 construction jobs, 326 indirect jobs and 100 permanent jobs for the community.

“Venture Global’s investment of $4.25 billion in Louisiana is the latest in an impressive series of projects here in Southwest Louisiana” Louisiana Governor Bobby Jindal said.

The export facility in Cameron Parish, Louisiana will be 203 acres along the Calcasieu Ship Channel where it meets the Gulf of Mexico. The plant that will operate with a midscale, modular technology to capitalize on low-cost natural gas production under the direction of a top management team, including energy, engineering and financial experts.

The Calcasieu Pass Project has received authorization from the U.S. Department of Energy to export 10 million tonnes per annum of LNG to countries with whom the U.S. already has a free trade agreement. Additionally, the project is seeking authorization from both the Federal Energy Regulatory Commission and the US department of Energy to export 10 million tonnes per annum of LNG to non-FTA countries.

The timeline for the project includes the regulatory and government filing process and securing commercial agreements through the year 2016, with operations beginning in late 2019.

[mappress mapid=”16214″]

Press Release; Image: Venture Global