News

Venture Global LNG makes senior appointment

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.

O’Leary Joins Management Team At Venture Global LNG

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 appoints new member to Board of Directors

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 raises capital

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 enters LNG SPA with Shell

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.