- Venture Global began LNG production at the Plaquemines LNG terminal in Louisiana, with a capacity of 20 million tons per year, just 30 months after its Final Investment Decision.
- The terminal’s phased construction strategy allowed it to begin exports while continuing to build, addressing global LNG supply shortages.
- The $50 billion investment in LNG projects strengthens the U.S.’s position as the world’s top LNG exporter and supports global energy security.
Venture Global officially started LNG production at its Plaquemines LNG terminal in Louisiana. The facility has a nameplate capacity of 20 million tons per year (MTPA), reaching this milestone 30 months after its Final Investment Decision (FID).
Plaquemines LNG ranks as one of the fastest greenfield projects to begin production. It joins Venture Global’s first terminal, Calcasieu Pass, as one of the two quickest projects to start LNG production. Once fully operational, the terminal will become one of the most extensive LNG production facilities globally.
The terminal’s success stems from an innovative construction strategy. The facility began producing and exporting LNG while its 36 trains and infrastructure construction and commissioning continued. This approach allowed Venture Global to quickly deliver new capacity to the market, addressing the global LNG supply shortage.
Venture Global developed the project in two phases. Phase 1 received its FID in May 2022, and Phase 2 followed in March 2023. The company used a modular, phased construction strategy to speed up the timeline and respond to growing demand. This strategy also reduced delays in commissioning.
Venture Global invests $50 billion in LNG projects, including current and future developments. The company’s commitment aims to enhance global energy security, support local economies, and create thousands of jobs in the U.S.
The Plaquemines LNG terminal strengthens the U.S. position as the world’s leading LNG exporter. As global LNG markets face tight supply and delays in other international projects, the terminal is key in providing reliable energy to U.S. allies.
The rapid development of Plaquemines LNG responds to shifting geopolitical priorities. Energy supply has become a central issue in light of recent global LNG market imbalances and international crises. The project underscores the need for faster, more reliable energy solutions amid these challenges.
Venture Global’s ability to meet production targets quickly highlights its efficient project management. The company’s innovative construction and phased operation approach has helped it avoid the typical delays in large-scale energy projects.
The company’s LNG project portfolio will contribute significantly to global energy markets. Venture Global’s continued expansion will support the growing demand for cleaner energy while positioning the U.S. as a major player in the worldwide energy market.
The Plaquemines LNG terminal will provide both economic and strategic benefits. It will ensure a steady supply of LNG to international markets. As the terminal ramps to full capacity, it will strengthen energy ties between the U.S. and its global allies.
Venture Global’s success with Plaquemines LNG demonstrates the importance of U.S. LNG exports in the global energy landscape. As the world faces energy supply challenges, the terminal’s rapid development provides much-needed relief to the worldwide market, securing a more stable energy future for countries worldwide.