Venture Global LNG to upshoot its LNG production in the USA

Venture Global LNG has made an announcement concerning ramping up of its LNG sites based in the USA to over 100 million tonnes of nameplate liquified export volume annually.

US LNG specialist Venture Global plans to amplify LNG production both within and outside of Louisiana, capitalizing on the success of its initial three projects: Calcasieu Pass, Plaquemines LNG, and CP2 LNG. To facilitate these ambitions, the company has forged an extended master equipment supply agreement with energy technology firm Baker Hughes. This agreement entails the provision of extra liquefaction train systems and power island systems to facilitate the expanded capacity.

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Mike Sabel, CEO of Venture Global, emphasized the company's unswerving dedication to supplying cost-effective LNG on a larger scale to meet the global surge in demand for energy security, prosperity, and environmental advancement. Notably, LNG shipments originating from Venture Global's Calcasieu Pass initiative have reached 24 countries, constituting roughly 10% of the US-to-Europe LNG exports in 2022 and 2023.

Venture Global has made financial investment decisions for both phases of its 20 million tonnes per annum Plaquemines LNG facility, which is on track to commence LNG production in 2024. Additionally, construction for the CP2 LNG facility is slated to begin later this year following the receipt of FERC authorization. The facility has already secured sales agreements for 9.25 million tonnes per annum of its 20 million tonnes per annum capacity.

Baker Hughes, serving as a key LNG equipment supplier to Venture Global, provided LNG technology solutions for the Calcasieu Pass LNG facilities and will extend similar support to the under-construction Plaquemines LNG facility.

Lorenzo Simonelli, Chairman and CEO of Baker Hughes, underscored the critical role of natural gas in the energy transition and affirmed the firm's commitment to supporting Venture Global's expansion strategy to meet global energy needs. The extended collaboration between Venture Global and Baker Hughes was announced during Gastech, a current event taking place in Singapore.

This strategic partnership positions Venture Global to fulfill its LNG production growth aspirations, supported by Baker Hughes' technological expertise and solutions.

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According to the article by Procurement Resource, Venture Global LNG is expanding its US LNG operations to surpass 100 million tonnes of annual liquefied export capacity. The company, known for projects like Calcasieu Pass and Plaquemines LNG, has partnered with Baker Hughes for additional equipment to support this growth. Mike Sabel, Venture Global's CEO, aims to deliver cost-effective LNG globally. Notably, Calcasieu Pass LNG shipments reached 24 countries, constituting 10% of US-to-Europe exports in 2022-23. This expansion aligns with the broader energy transition, with Baker Hughes providing technological solutions for these efforts.