Venture Global to add natural gas to final part of Plaquemines LNG Plant, a filing shows

Venture Global asked federal regulators to allow it to inject natural gas into the final section of its Plaquemines Liquefied Natural Gas plant by Thursday, according to an official filing made on Monday.

Venture Global, if the Federal Energy Regulatory Commission gives the permission, will be producing LNG soon from its entire Plaquemines facility, and more than a full year before it's expected to deliver its first batch of long-term customers their contracted quantities of gas.

The Plaquemines Export Facility in Louisiana, once completed, will reach its maximum capacity of 27,2 million metric tonnes per year (mtpa).

According to the financial firm LSEG, Plaquemines was responsible for over 17% of the total U.S. imports in September.

Venture Global, which is the second-largest LNG exporter in America, aims to build and ramp up production quickly at its LNG plants. It also wants to make money upfront by selling LNG in the commissioning stage on the spot market for higher liquefaction charges than what it can receive from its long term customers.

Since December 2024, the company has produced at Plaquemines.

Venture Global was taken to court by long-term customers who had purchased LNG from its first LNG plant in Louisiana (Calcasieu Pass) over the time it took them to receive it.

Venture Global, which operates out of Arlington, claimed that it was unable to provide the gas within the timeframe agreed due to a faulty electrical system in the plant. Meanwhile, customers such as BP and Shell said the Arlington-based firm made money by selling gas on the spot price rather than at lower prices contracted.

(source: Reuters)