Venture Global plans new US LNG export terminal

US-based LNG developer Venture Global on December 2 filed a federal application to construct and operate a new LNG export terminal in Louisiana.

Venture Global said it wants to build the new facility near the Calcasieu Ship Channel. An 85.4-mile, 48-inch diameter pipeline and a six-mile, 24-inch diameter lateral “will connect the terminal to the integrated US natural gas pipeline grid and on to existing US domestic supplies,” the company said in a filing with the Federal Energy Regulatory Commission (FERC).

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In a separate announcement with Louisiana governor John Bel Edwards, Venture Global said it planned to spend some $10bn to develop what would be the fourth LNG export terminal in Louisiana, pending a final investment decision.

Dubbed CP2, so named for its location in Cameron Parish and adjacent to Venture’s nearly-complete Calcasieu Pass facility, Venture expects the new facility would have a nameplate liquefaction capacity of 20mn mt/year of LNG from nine small-scale liquefaction blocks in each of two 10mn mt/yr phases.

The governor said the new facility will be a job creator and help stimulate the economy in Louisiana.

“And it is incorporating clean energy technology that reduces the amount of CO₂ released into the atmosphere, which is significant for our environment,” he said. “As Louisiana pursues a goal of net-zero emissions by 2050, projects that feature carbon capture and sequestration allow our state to sustain industry without sacrificing our long-term carbon-reduction goals.”

Venture in its filing with FERC said the CP2 facility would feature units that would remove CO₂ and hydrogen sulfide. Additional facilities associated with the terminal could sequester as much as 500,000 mt/year of CO₂.

The first phase of operations could support four LNG loadings per week, with an annual maximum of 200 calls. That could double in the second phase.

In the FERC application, Venture Global said construction on the first phase would begin following the receipt of all regulatory approvals, expected in Q2 2023, and would continue for about three years. Timing for the second phase would depend on market demand and the contracting of off-take agreements, but could begin as early as 12 months after the start of Phase 1 construction.

Construction on the pipeline would also be done in two phases, each with a capacity of 2.2bn ft³/day, with the first phase expected to be in-service in Q4 2024. Additional capacity in the second phase would be achieved by adding compression to facilities commissioned in the first phase.