Edison to Replace Pipeline Gas with Flexible LNG supply
Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday.The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S.
GASTECH-China-Russia pipeline plans do not affect Asian demand for US LNG, according to Venture Global CEO
According to Michael Sabel of Venture Global LNG (the second largest U.S. LNG exporter), recent gas agreements between China, Russia and other countries are unlikely to affect Asian demand for U.S. LNG. China, which is the largest LNG importer in the world, signed…
Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage. The report prepared by the energy group Edison…
Venture Global wins arbitration against Shell for LNG cargoes contracted
Venture Global, a U.S. LNG company, announced on Tuesday that it had won a court battle against Shell for failing to deliver liquefied gas under long-term agreements starting in 2023. Shell, BP and Edison filed arbitration claims in 2023 accusing Venture Global that it was profiting off the sale of LNG at the spot market…
Venture Global signs 20-year LNG contract with Petronas
Venture Global Inc, a U.S. LNG exporter, announced Thursday that Petronas had agreed to purchase 1 million metric tonnes of LNG from the CP2 Project. This is its first new CP2 client in two years. Venture Global, a startup just three years ago has grown to be the second…
Edison confident in positive outcome of Venture Global LNG arbitration
The chief executive of Italian utility Edison said that it is confident in a favorable outcome of an arbitration between Venture Global, a U.S. supplier of liquefied gas, expected to be completed by the end the year. Edison is among several European energy firms, including Shell…
Edison Confident In Venture Global LNG Arbitration
The chief executive of Italian utility Edison said on Thursday he was confident of a positive outcome in arbitration involving U.S. liquefied natural gas supplier Venture Global, expected by the end of the year.Edison is one of several European energy companies, including Shell…
Edison Receives First Delivery of US LNG From Venture Global
Italian energy group Edison said on Wednesday it received the first cargo of liquefied natural gas (LNG) from U.S.
Venture Global delivers first US LNG cargo to Edison
Italian energy company Edison announced on Wednesday that it had received its first cargo of Liquefied Natural Gas (LNG) delivered by Venture Global, a U.S.-based firm. It added that it would pursue legal action over the delays in delivery. Edison reported that a cargo of 165…
Venture Global LNG starts commercial operations at Calcasieu Pass plant
Venture Global LNG announced on Tuesday that it has started commercial operations at the Calcasieu Pass facility in Louisiana. This comes more than three year after the company produced its first liquefied gas. The move to commercial operations means the Arlington…
LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion
Venture Global announced on Thursday that it expects its Plaquemines LNG Plant in Louisiana project costs to be about $2 billion more than its previous estimate due to inflation and various other factors. In premarket trading, shares of the company dropped 19.2% to $11.50.
LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion
Venture Global announced on Thursday that it expects its Plaquemines LNG Plant in Louisiana project costs to be about $2 billion more than its previous estimate due to inflation and various other factors. The LNG producer now expects that the plant will cost between $23.3 and $23.8 billion.
Venture Global LNG says it will begin commercial operations at its Calcasieu Pass Louisiana facility in April.
Venture Global LNG announced on Monday that it will start commercial operations in Louisiana at its Calcasieu Pass facility on April 15th, three years after shipping its first LNG cargo and following a dispute of two years with its customers. The company has informed long-term clients…
Total CEO: Company rejected Venture Global LNG as supplier due to lack of trust
TotalEnergies has rejected the opportunity to be a long-term client of Venture Global LNG U.S. Terminals, because it does not trust them, said CEO Patrick Pouyanne on Wednesday. Venture Global, the U.S.'s most valuable LNG company, has seen its stock price soar after a massive initial public offering (IPO) last month.
Baker Hughes signs supply agreement with Venture Global
Baker Hughes, a provider of oilfield services in the United States, announced on Thursday that it had signed an agreement with Venture Global for technology and equipment to support its projects involving liquefied gas (LNG). Venture Global has signed a framework agreement…
Venture Global LNG has almost completed repairs at Calcasieu Pass Power Plant -FERC
A federal inspection report released on Wednesday said that Venture Global LNG may be able to complete power generator repairs before the end of the month. This could pave the way for the completion of the nearly three-year long commissioning process of the Calcasieu Pass LNG Plant.
Document filed by Venture Global LNG shows that it wants to extend the force majeure for its first plant until 2025.
Venture Global LNG intends to extend force majeure for its Calcasieu Pass plant in Louisiana until 2025. This would delay the first deliveries under long-term contract to three years following production. Due to power problems, the plant's prolonged commissioning has resulted in contract arbitration actions brought by BP…
Venture Global says it has produced the first LNG at its Plaquemines plant.
Venture Global LNG produced its first LNG (liquefied natural gases) on Friday at its Plaquemines facility in Louisiana. The first U.S. plant to produce super-chilled natural gas in two years, Cheniere Energy Corpus Christi's midscale expansion project has been beaten to the market.
Change of Ørsted Region Americas CEO
Ørsted announced today that David Hardy, Group EVP and CEO Americas, has decided to leave the company to join GE Vernova as Chief Commercial Officer, Wind. He will step down from his position effective November 30.The search for a successor Region Americas CEO is well underway.
Edison CEO: US utilities want Trump and Republicans to save the inflation act
Pedro Pizarro said that the U.S. Utility Industry wants the incoming Trump Administration and the Republican-led Congress in Congress to maintain clean energy and EV Tax Credits in the Inflation Reduction Act. The 2022 IRA is a law that contains hundreds of billions…