March 2, 2017 [OPIS] - Venture Global LNG said that its subsidiaries Venture Global Plaquemines LNG and Venture Global Gator Express have completed the preliminary review process with FERC and have now submitted the formal application requesting FERC's authorization to site, construct and operate the Plaquemines LNG export terminal and the Gator Express pipeline system in Louisiana.
The 20 million tons per year Plaquemines LNG facility will be constructed on a 632-acre site in Plaquemines Parish, Louisiana, at river mile marker 55 on the Mississippi River, approximately 30 miles south of New Orleans. The export facility includes over 7,000 feet of Mississippi River frontage with three LNG loading docks.
OPIS notes Cheniere Energy’s Sabine Pass terminal is the first LNG export terminal to come onstream in the U.S., and several more LNG terminal projects are under construction, under consideration, or awaiting federal permits. Most LNG terminal projects are concentrated on the Gulf Coast, with some on the East and West coasts. It is understood not all projects would materialize due to increased competition domestically and internationally.
Working with GE Oil & Gas as a strategic partner, Plaquemines LNG is utilizing GE’s plantwide LNG process system, incorporating a power, pretreatment and LNG liquefaction system.
Venture Global LNG said that it plans to be a long-term, low-cost producer of LNG, capitalizing on low-cost natural gas production in the U.S. Venture Global is developing LNG export terminals at both Plaquemines and Calcasieu Pass, totaling 30 million tons per year of capacity.
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