Frequently Asked Questions
- What is LNG?
- Is LNG New?
- LNG Quick Facts
- Is LNG safe and environmentally friendly?
- Is the U.S. in an ideal position to export liquefied natural gas?
- Will vessel traffic in the Calcasieu Ship Channel increase as a result of the Calcasieu Pass export facility?
- Will vessel traffic on the Mississippi River increase as a result of the Plaquemines LNG export facility?
What is LNG?LNG is the abbreviation for liquefied natural gas. LNG is made when natural gas (methane) is cooled to negative 260 degrees Fahrenheit until it liquefies. As a result, the volume of natural gas is reduced by a factor of 600. LNG is one of the cleanest burning fossil fuels on earth. LNG can be stored and shipped efficiently for long distances in a safe and effective manner.
Is LNG New?No, LNG is not a new energy source. For more than 50 years, companies have used LNG to generate electricity and deliver natural gas to homes and businesses. As the supplies of natural gas have grown, so have the many potential applications of LNG.
LNG Quick Facts
- LNG exports could contribute as much as $10 to $31 billion per state to the economies of natural gas-producing states, such as Texas, Louisiana, and Pennsylvania by 2035.
- States with a large manufacturing base for producing natural gas, such as Ohio, California, New York and Illinois, will see economic gains as high as $2.6 to $5.0 billion each.
- Natural gas-producing states could see employment gains as high as 60,000 to 155,000 jobs; manufacturing states will see employment gains upwards of 30,000 jobs by 2035.
- States where LNG export terminals are built in have significant job growth
- There are many LNG facilities currently operating in the United States. Some facilities provide natural gas supply to the interstate pipeline system or local distribution companies, and others are used to store natural gas for periods of peak demand.
Is LNG safe and environmentally friendly?LNG is clear, odorless, colorless, noncorrosive, noncombustible and nontoxic. If exposed to air, LNG quickly vaporizes back to its gaseous state and, since it is lighter than air, quickly rises into the atmosphere. LNG leaves no polluting residue after vaporizing and thus requires no cleanup.
A further benefit of the natural gas liquefaction process is that it allows natural gas to be shipped and stored safely and economically to markets throughout the world.
LNG has been safely handled for several decades, with LNG vessels making more than 100,000 free of major accidents or safety problems. The LNG industry is highly regulated by the Federal Energy Regulatory Commission (FERC), the Department of Transportation, the U.S. Coast Guard, the Department of Homeland Security and other agencies to ensure that vessels, facilities and personnel provide and deliver safe operations and transport.
Safety is a critical component to Venture Global LNG’s operations. The company safety protocol has been built to exceed even the strictest government regulations and will ensure that its LNG is a reliable and safe fuel source for all customers.
Is the U.S. in an ideal position to export liquefied natural gas?
By taking advantage of highly efficient, modular, mid-scale LNG liquefaction technology, Venture Global will be able to produce and export LNG with lower capital costs and increased operating flexibility and efficiency. And as one of the lowest-cost providers of LNG in the world, Venture Global is positioned to be a long-term producer of LNG.