Latest Press Releases
Venture Global LNG named former vice president of development at Total, Tom Earl, as its chief commercial officer.
CB&I has received a $200m engineering, procurement and construction (EPC) contract from Venture Global LNG, for the construction of two liquefied natural gas (LNG) storage tanks in the US state of Louisiana. read more
Venture Global LNG garnered $81.4 million in its sixth round of equity investment to fund the development activities for its proposed LNG export facilities in Louisiana.
Venture Global LNG Inc. has raised additional capital of approximately $81.4 million, in its sixth round of equity investment. The offering, a private Reg. D transaction, brings the company’s aggregate funding total to $361 million.
Washington, D.C.-based Venture Global LNG Inc. raised around $81.4 million in the company’s sixth round of equity financing.
Venture Global Plaquemines LNG LLC and Venture Global Gator Express LLC have made their formal application to FERC for a liquefied natural gas (LNG) export terminal and related pipeline project in Louisiana.
Venture Global LNG filed a formal application with the US Federal Energy Regulatory Commission requesting authorization to site, construct and operate the Plaquemines LNG export terminal.
The US liquefied natural gas export projects being developed by Washington DC-based Venture Global LNG, involving two Louisiana plants, one on the banks of the Mississippi River and a second at Calcasieu Pass, has awarded a contract to the General Electric oil and gas unit to supply compressor power for liquefaction.
Venture Global LNG picked GE Oil & Gas as a partner to provide technology solutions for its LNG export facilities under development in Louisiana.
Venture Global LNG Inc. has picked GE Oil & Gas to provide the liquefaction systems and other technology at two liquefied natural gas export facilities planned in Louisiana.
Venture Global LNG Inc. has announced the appointment of John Brian O’Leary as its Senior Vice President of Operations.
Prior to joining Venture Global LNG, Mr O’Leary acted as the Chief Operating Officer of Cameron LNG, where he led the pre-operations planning for commissioning and operation of three LNG trains. Mr O’Leary amassed over 25 years of experience with ExxonMobil and he has also previously managed the startup and operations of the RasGas LNG facilities in Qatar.
Bob Pender, Co-CEO of Venture Global LNG, said: “We are very pleased to have hired one of, if not the most, highly recognised and experienced leaders in LNG operations. John’s unparalleled expertise in the start-up and operation of LNG terminals means that we have the industry’s best driving the planning and start-up of our facilities.”
Mike Sabel, Co-CEO, added: “Our team is in place to execute. We have the momentum, expertise, financial backing and market support to progress our projects from development plans to become game-changing energy assets that can be brought online sooner, operate more efficiently and have lower costs than our competitors.”
Venture Global LNG is continuing to develop its 10 million tpy Venture Global Calcasieu Pass facility and the 20million tpy Venture Global Plaquemines LNG facility.
Venture Global LNG named the former chief operating officer of Cameron LNG, John Brian O’Leary, as senior vice president of operations of the company
At Cameron LNG, O’Leary led the pre-operations planning for commissioning and operation of three trains of LNG, 4.5 MTPA each, at the Cameron LNG terminal under construction in Hackberry, Louisiana.
According to Venture Global LNG’s statement, O’Leary brings over 25 years of experience with ExxonMobil in the areas of pre-operations, planning and commissioning of LNG terminals.
He worked nearly a decade in Qatar, where he managed the startup and operations of the RasGas LNG facilities, totaling 10.4 mtpa.
Venture Global continues its development plans for the 10 mtpa Venture Global Calcasieu Pass facility located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico, and the 20 mtpa Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana, 30 miles south of New Orleans.
Venture Global LNG Inc. has hired John Brian O’Leary as senior vice president of operations. Before joining Venture Global, O’Leary acted as the COO of Cameron LNG, where he led the pre-operations planning for commissioning and operation of three trains of LNG (4.5 MTPA each). O’Leary has over 25 years of experience with ExxonMobil in the areas of pre-operations, planning and commissioning of LNG terminals.
Venture Global continues its development plans for the 10 MTPA Venture Global Calcasieu Pass facility on an approximately 1,000-acre site located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico, and the 20 MTPA Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana on an approximately 630-acre site at river mile marker 55 on the Mississippi River, located 30 miles south of New Orleans, Louisiana. With these two projects, Venture Global is setting the new standard in LNG by developing baseload plants built with highly efficient, mid-scale liquefaction blocks.
Venture Global LNG Inc. has announced that it has appointed Terry Newendorp to its Board of Directors. Newendorp, who is a highly regarded energy financial advisor, was the founder and former Chairman of Taylor-DeJongh – an independent investment bank. Here, he advised clients in the energy infrastructure space, including LNG. Prior to his appointment to the Board, Newendorp had acted in advisory capacity to the company.
The Co-CEOs of Venture Global LNG Inc., Mike Sabel and Bob Pender, said: “We are pleased to have a professional of such high calibre serving on our board. Mr. Newendorp’s deep expertise in LNG project development and finance will add value to our company as we approach final investment decision (FID) for our two LNG projects in Louisiana.”
During his time at Taylor-DeJongh, Newendorp acted as a financial advisor on over 27 LNG production trains, over 77 000 MW of power generation and over 26 000 km of pipelines.
Venture Global LNG is currently in the process of developing the 10 million tpy Venture Global Calcasieu Pass facility, located on an 1000 acre (approximately) site at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico. In addition to this, it is developing the 20 million tpy Venture Global Plaquemines LNG facility, which is located in Plaquemines Parish, Louisiana, US, located on a 630 acre (approximately) site at river mile marker 55 on the Mississippi River, 30 miles south of New Orleans, Louisiana.
Venture Global LNG Inc. has announced that it has successfully closed its fourth round of equity investments through a private Reg. D transaction.
This round added to the group of high profile, very large institutional investors in the company. The offering raised additional capital of US$55 million, bringing the total capital raised to date to over US$265 million.
Venture Global LNG confirmed that the proceeds will be used to fund development activities for its proposed LNG export facilities in Louisiana, US.
In a joint statement, Co-CEOs Mike Sabel and Bob Pender, said: “This latest equity raise is further affirmation that the market and investors recognise and value our company’s continued execution on significant project milestones, as well as our competitive advantage as the low-cost provider of North American LNG.”
Venture Global LNG is developing the 10 million tpy Venture Global Calcasieu Pass facility on a site located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico. It is also developing the 20 million tpy Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana on a site located 30 miles south of New Orleans, Louisiana.
Venture Global LNG Inc. has announced that its subsidiary, Venture Global Calcasieu Pass LLC, has entered a sales and purchase agreement (SPA) with Shell NA LNG LLC. Under the agreement, Shell has agreed to purchase 1 million tpy of LNG over a 20-year period from Venture Global Calcasieu Pass’ facility, which is being developed in Cameron Parish, Louisiana, US. The agreement will take effect once the facility begins commercial operations, and will see shell purchase the LNG on a free on board basis (FOB) for a purchase price that will be indexed to monthly Henry Hub prices, as well a facility fee indexed to inflation.
The Co-CEOs of Venture Global LNG, Mike Sabel and Bob Pender, said: “Venture Global LNG considers the Shell 20-year SPA to be an important milestone for the company. We are delighted that we continue to achieve our promised milestones as we implement our strategy to become the lowest cost producer of LNG in the world.”
Venture Global LNG is developing two facilities. The first is the 10 million tpy Venture Global Calcasieu Pass facility, which is located on a 1000 acre (approximately) site at the intersection between the Gulf of Mexico and Calcasieu Ship Channel. The second is the 20 million tpy Venture Global Plaquemines LNG facility, which is located on a 630 acre site in Plaquemines Parish at river mile marker 55 on the Mississippi River.
NEW ORLEANS (AP) — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export natural gas to the world market, another sign of the expanding footprint of the natural gas industry in Louisiana.
Until now, the area around Lake Charles has been the center of a boom in the market to import and export natural gas with 10 projects in various stages of development there. Two large facilities — Cheniere Energy’s Sabine Pass LNG and Sempra Energy’s Cameron LNG — are under construction. Cheniere plans to make its first overseas shipment of LNG in January.
Now companies are looking to Plaquemines Parish as an alternative hub.
Venture Global LNG, a Washington, D.C.-based energy firm, wants to build a large facility near Pointe-a-la-Hache on the west bank of the Mississippi River while Louisiana LNG Energy LLC. is working to construct a smaller facility on the east bank of the river near Davant. Louisiana LNG is a Houston-based venture.
The projects in Plaquemines are an outgrowth of the nation’s boom in natural gas production that has resulted from developments in hydraulic fracturing to reach gas stored deep inside the earth. Natural gas is then turned into liquid form and exported by ship.
“We’ve got a lot of LNG available or coming available,” said Eric Smith, associate director of the Tulane University Energy Institute.
Michael Powell, a Plaquemines spokesman, said the two companies have held meetings to gain public support. He said there is no opposition from the parish to either project.
Both companies have submitted applications for permits to the Federal Energy Regulatory Commission in the past year. The agency must give them approval before they can move forward.
The Venture Global facility would be built on 632 acres and the Louisiana LNG site would be 190 acres in size, according to company documents.
Both Plaquemines facilities would tap into existing natural gas pipelines and ship liquefied natural gas overseas, the companies said.
Venture said its facility, to be built in phases, ultimately would be capable to exporting 20 million metric tons a year. Louisiana LNG said its facility would be capable of exporting 6 million metric tons annually.
Both facilities hope to begin operations in 2020, according to company documents.
“The need for liquefied natural gas continues to grow,” said Jimmy Staton, an executive vice president with Venture. He said the company hopes to export to European and Asian markets.
Venture Global said its facility would be built on land leased to it by the Plaquemines Port Harbor & Terminal District.
A Federal Energy Regulatory Agency scoping meeting on the proposed Venture Global (VG) Plaquemines LNG project was held last week in Belle Chasse and was unanimously supported by political and civic leaders in attendance.
Councilwoman Audrey Trufant-Salvant, who represents the district where the liquid natural gas processing facility will be located, praised the company’s community involvement, investment in the community, and the employment opportunities being created.
“It’s about the jobs,” she said. VG plans to hire as many local people as possible to eventually fill the 300 permanent positions expected when the two planned phases of construction are complete.
Parish President Amos Cormier also spoke in support of the project and its job creation. “These will be stable, good-paying jobs – the kind of jobs I know are crucial to a strengthened economy in the long term for Plaquemines,” he said. Cormier also noted the 1,500 construction jobs the project will create will be a great boost for the local economy.
Plaquemines Parish Port and Harbor Terminal District Executive Director Sandy Sanders complemented the VG team on their positive interaction with the port and the residents of the parish, and their impact on the world. “VG’s team has been great to work with. Can you imagine, they will be producing a product of liquefied natural gas right here in Plaquemines. It’s a clean and efficient fuel, which will be exported around the world to countries which do not have natural gas and are burning coal,” Sanders said.
Plaquemines Association of Business and Industry (PABI) Chairwoman Denise Buford said the community is ready for a major project like VG to help diversify the economy. “I’ve met with many community leaders in recent months, and a common theme was the necessity of Plaquemines Parish not relying on just one industry. I believe that Plaquemines LNG will bring a new, dynamic industry to our parish,” she said.
Perhaps the most supportive comment came from Ryan Bourriaque, Parish Administrator for Cameron Parish. Bourriaque said he worked closely with VG on a Cameron Parish Project for over two years, and he praised the company’s commitment to the community and their attention to any concerns which have arisen. “They are professionals with a lot of experience and have been transparent with the community every step of the way,” he said.
Construction will begin in 2017 and production is expected to commence in 2020. When in full operation with both phases, 20 million metric tons of liquefied natural gas will be produced annually and shipped from three tanker berths to be constructed in the Mississippi River.
The purpose of the FERC hearing was to garner comments, whether in support or addressing concerns of the proposed VG project. The comment period will remain open until November 4, 2015 and comments may be submitted online at www.FERC. gov. Written comments will be given the same consideration as comments from the hearing. The VG Plaquemines project reference number is Docket No. PF15-27-000.
A team of Venture Global LNG (VG) representatives travelled to Port Sulphur last week to talk to residents and parish officials about their plans to build a Liquefied Natural Gas (LNG) terminal on the west bank of the Mississippi River. read more
Predictions from GlobalData state LNG production will more than double, from 341 million tonnes per annum (mtpa) to 811mtpa, by 2019 – based on proposed projects. read more
Louisiana has a Silver Shovel Award from “Area Development” magazine for the sixth consecutive year. That award is for outstanding economic development by states of 3 million to 5 million residents. Also receiving the award this year are Alabama and Kentucky.
Venture Global LNG said that its Venture Global Calcasieu Pass unit has entered into an exclusive agreement securing an additional 432 acres in connection with its proposed liquefied natural gas project in Cameron Parish, Louisianna.
Venture Global LNG announced today the successful closing of its third round of equity investment in a private Reg. D transaction. The offering raised additional financial capital of $84.5 million, bringing the total capital raised to over $210 million. read more
Venture Global LNG hit a milestone Friday with its Venture Global Calcasieu Pass project in Cameron. Project officials submitted Resource Report 13 to the Federal Energy Regulatory Commission (FERC) for the proposed natural gas liquefaction and export facility in Cameron.
Despite recent decreases in oil prices, US Henry Hub-linked gas prices remain an attractive option to Asian buyers in long-term LNG contracts as buyers seek to diversify and minimize overall price volatility in their supply portfolios, said the head of the US-based Venture Global LNG project in Louisiana. read more
Venture Global LNG, Inc. announced the successful closing of two rounds of equity investment bringing Venture Global to an aggregate of $125 million in new capital.
Venture Global LNG, which late last year announced plans for a $4.25 billion liquefaction processing complex and liquefied natural gas export terminal in Cameron Parish, announced this morning it has raised $125 million in equity financing for the project.
Venture Global LNG said that its unit, Venture Global Calcasieu Pass, has entered into a binding agreement for an additional 59-acre parcel of land adjacent to its existing Calcasieu Pass project site.
VENTURE GLOBAL HIRES CHENIERE’S MCARTHUR: Cheniere Energy’s Vice President and Treasurer Graham A. McArthur will join Venture Global LNG as vice president and treasurer. Graham has more than 25 years of financial experience in the energy industry and played a part in launching Cheniere Partners Holdings’ $665 million initial public offering in 2013.
Venture Global’s plans for an LNG plant in Cameron brought scores of residents and community leaders out Thursday to learn about the company’s multibillion-dollar project.
A liquefied natural gas company plans to build a more than $4 billion processing complex and export terminal in southwestern Louisiana. The plans were announced Wednesday by Gov. Bobby Jindal’s office and Venture Global LNG LLC.
Louisiana Gov. Bobby Jindal announces $4.25 billion gas liquefaction plan to be built in Cameron Parish
Venture Global LNG will begin building a $4.25 billion natural gas liquefaction plant and export terminal in Cameron Parish in the third quarter of 2016, government and company officials announced Wednesday. read more
$4.25 billion will be invested by Venture Global LNG to build a new liquefaction complex and liquified natural gas export terminal in Cameron. Governor Bobby Jindal made the announcement today along with Venture Global CEO William Wicker. read more
Former Deputy Energy Secretary Daniel Poneman has joined the board of directors at Venture Global LNG, a company working to develop a liquefied natural gas export terminal near the Gulf of Mexico. Poneman held the No. 2 spot at DOE until October of 2014. He was first named deputy energy secretary in May 2009.
MOVERS, SHAKERS: Venture Global LNG has hired William M. Wicker as its new CEO. Wicker was previously vice chairman of investment banking at Morgan Stanley’s Natural Resources Group, and he held previous positions at Goldman Sachs and Texaco. DOE recently approved Venture Global’s application to export 670,000 Mcf/d to Free Trade Agreement nations from a facility in Cameron Parish, Louisiana.
Venture Global LNG Inc. has hired William M. Wicker to lead the company as CEO. Wicker previously served as Morgan Stanley’s vice chairman of investment banking in the Natural Resources Group. read more