Venture Global raises $3 Billion for CP2 Louisiana LNG Plant
Venture Global announced on Thursday that it had raised $3 billion to finance the construction of the CP2 LNG Plant in Louisiana. This would be the biggest liquefied gas plant in America. Venture Global, the U.S. second largest LNG exporter, has played an important role in making this country the largest exporter worldwide of super-cooled gas. Venture Global stated that the money raised would be used to pay for construction of the CP2 LNG facility. This facility will have a capacity of 28 million tonnes per year.
Woodside Energy, Australia signs LNG deal with BP to supply Louisiana project
Woodside Energy, a major Australian oil and natural gas company, announced on Wednesday that it had signed a deal with BP under which the British energy company would supply natural gases to its Louisiana liquefied gas project (LNG). Woodside, in a press release, said that the Louisiana project will buy a maximum of 640 billion cubic foot of gas over a long term basis from the integrated energy giant. However, it did not reveal any financial details.
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has been at the forefront of President Donald Trump’s agenda when dealing with Asian partners. He wants Japan, South Korea, and Taiwan to support this massive project.
Hammerfest LNG Plant in Norway will be closed for maintenance from July until August
Equinor announced that its Hammerfest LNG Terminal, Europe's biggest liquefied gas export facility, was shut down on Tuesday for planned annual maintenance. According to a regulatory document, the maintenance outage, which began at 0400 GMT at the Hammerfest LNG plant (also known as Melkoeya LNG), is expected to last until 10 July. A spokesperson for Equinor confirmed that the company had begun an extensive maintenance shutdown to ensure robust operation for "at least 3 new years".
Indian gas firm GAIL seeks 26% stake in US LNG
GAIL India Ltd. issued a tender Friday for a maximum 26% stake in an American liquefied gas project, along with a 15 year gas import agreement. This will help New Delhi to reduce its trade surplus. India is racing to be the first country to sign a deal with the United States after President Donald Trump announced sweeping tariffs. This has led to a trade conflict with China, and other countries are now trying to negotiate. Trump has made it clear that he views U.S. gasoline as a bargaining tool.
Inpex, a Japanese company, has begun engineering design work for Indonesia's Abadi Liquefied Natural Gas project
Inpex Corp., a Japanese oil and natural gas exploration company, started Wednesday the front-end design process of its Abadi project for liquefied gas in Indonesia as the government pressed the company to speed up development. Shell's withdrawal from the project, the request by the previous administration for the LNG plant to be moved onshore and the change of the development plan that included a component to capture and store carbon were all factors in years-long delays.
LNG Canada begins cooling down of the plant as a final step to producing LNG
Two people have confirmed that LNG Canada is cooling down its Kitimat liquefied gas plant, British Columbia. This is a last step before the company begins producing super-cooled gas. LNG Canada will be the first LNG export facility in Canada. It is expected to export 14 million metric tons per year (MTPA). People said that the company began using refrigerants on Tuesday as part of its cooling process. Tomorrow, it is expected to add natural gas to the plant.
Venture Global reports that it exported 29 cargoes of LNG from Plaquemines plant in Q1
Venture Global, a U.S. developer of liquefied gas in Louisiana, exported 29 cargoes during the first quarter 2025 from its Plaquemines plant. The company announced this in a filing to the Securities and Exchange Commission on Thursday. Venture Global reported that it had received an average fixed liquefaction charge of $7.26 for every million British thermal unit (mmBtu), from its Plaquemines Plant, in a filing with the U.S. Securities and Exchange Commission.
Vingroup Vietnam plans LNG and renewable energy ventures
Vingroup, Vietnam's largest conglomerate, announced on Tuesday that it is looking to develop renewable energy sources and liquefied gas power plants. This would be the company's first ventures in the energy sector. The state-run newspaper VietnamNet reported, citing documents the company had submitted to the Government, that the company wanted to be added to a revised national power development plan. Vingroup responded to the request for comment…
Commonwealth LNG sees new interest after securing export license
The owner of the Commonwealth LNG project said that the interest in the project has increased since the export license was granted by the Trump administration last month. In February, the U.S. Department of Energy approved an LNG export license for the Commonwealth LNG project located in Louisiana. This was the first LNG export approval since former President Joe Biden had halted exports early last year to allow for environmental reviews. The approval took away a lot risks for buyers…
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. The LNG producer now expects that the plant will cost between $23.3 and $23.8 billion. Previously, it was expected to be in a price range of $21 to $22 billion. The company paid $19.8 billion as of December 31.
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. Previously, it was expected to be in a price range between $21 billion and $22 billion. The company paid $19.8 billion as of December 31. Venture Global stated that costs for completing the project could increase due to factors like inflation and tariff.
Equinor Norway LNG plant will be off-line March 10-14
According to a Friday regulatory filing, Equinor will shut down its Hammerfest LNG Terminal from March 10 through March 14 to perform "corrective maintenance". This will reduce the daily production capacity from 18.4 millions cubic metres to zero. The Hammerfest plant (also known as Melkoeya LNG) has the ability to deliver approximately 6.5 billion cubic meters of gas each year. This is enough to provide about 6.5 millions European homes and accounts for about 5% of Norwegian gas exports.
Vitol and Glencore receive $380 Million award in Nigerian LNG litigation
Court documents obtained by revealed that trading houses Vitol, Glencore, and their gas suppliers, trading firms Taleveras won a legal case in London against Nigeria's only liquefied gas (LNG), producer, for not delivering cargoes. The London High Court and Court of Appeal heard the case, the latest of a series of lawsuits filed by buyers against producers and sellers for non-delivery of goods after gas prices rose from the lows reached during the COVID epidemic when Russia invaded Ukraine on February 20, 2022.
Vitol and Glencore receive $380 Million award in Nigerian LNG litigation
Court documents obtained by revealed that trading houses Vitol, Glencore, and their gas suppliers, trading firms Taleveras won a legal fight in London against Nigeria's only liquefied gas (LNG), producer, for not delivering cargoes. The London High Court and Court of Appeal heard the case, the latest of a series of lawsuits filed by buyers and sellers for non-delivery of goods after prices rose from the lows reached during the COVID epidemic when Russia invaded Ukraine on February 20, 2022.
Indian oil companies are in talks with U.S. LNG suppliers to purchase their supplies
Pankaj Jain, the Oil Secretary of India, said that Indian oil companies were looking to purchase U.S. LNG. This was boosted by Trump's administration lifting its ban on new export permits. India, the world's fourth-largest LNG importer, aims to increase its gas share in its energy mix from 6.2% to 15% by 2030. Jain stated that Indian oil companies were in talks with U.S. firms to source additional LNG. Among these companies, he said, were GAIL (India) Ltd., Indian Oil Corp. and Bharat Petrol Corp.
Germany builds LNG import terminals
Germany is increasing its natural gas imports to replace Russian supplies. This drive has been intensified due to the recent suspension of Russian gas flows via Ukraine, and U.S. president Donald Trump's targeting Europe with LNG exports. Here are some details about the terminals that will be developed to house floating storage regasification (FSRU) units for seaborne LNG. The plans also include facilities for importing and producing ammonia, green hydrogen and other gases under the decarbonisation strategy.
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. Venture Global has become the most valuable U.S. gas company after its initial public offering, which took place on Thursday. It blamed equipment failures and unreliability…
Golden Pass LNG, a former contractor, will emerge from bankruptcy at the end of March
The Texas contractor who last year walked away from the Golden Pass project of a liquefied gas plant, a joint venture with Exxon Mobil and QatarEnergy, may be able to exit Chapter 11 bankruptcy by April, according to the company. Zachry Holdings announced that the U.S. Bankruptcy Court of the Southern District of Texas approved its reorganization plans on Friday, clearing the way for them to complete the process by the end of the month. The court scheduled a confirmation hearing for the 26th of February.
NFE Mexico LNG plant is producing at capacity, the company claims
The company said that it has shipped nine loads from its floating LNG plant off the coast of Mexico, which is operated by U.S. firm New Fortress Energy. Its production rate is 20% higher than its capacity. NFE is struggling to find LNG on long-term contracts for its power generation operations. The company has been trying to improve its finances and raise cash by taking on partners in its primary businesses. It also sold some assets after deferring a dividend for shareholders last year.
