The US Department of Energy gave the green light on the export of the domestic LNG production from Venture Global LNG’s Calcasieu Pass LNG terminal being built in Louisiana. Thus, Venture will export more than 1.7 billion cubic feet per day of natural gas as LNG to countries that do not have a free trade agreement with the U.S.
The permission was given to Venture Global Calcasieu Pass on February 21, 2019.
The permit regards the export facility in Cameron Parish and associated TransCameron Pipeline from the Federal Energy Regulatory Commission and the company plans to begin construction as soon as possible.
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Moreover, the project is expected to begin operations in 2020, and the company already has binding 20-year sale and purchase agreements with Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG.
The 930-acre project site is located where the Calcasieu Ship Channel meets the Gulf of Mexico.
This location is in close proximity to several major interstate natural gas pipelines and is situated in the middle of one of the most active trading areas for pipeline-quality natural gas in North America.
The project site is secured under exclusive agreements for up to a 70-year term.
Along with this project, the company is also developing the 20 MTPA nameplate Plaquemines LNG export facility and associated Gator Express Pipeline in Plaquemines Parish, Louisiana.
