Venture Global Announces Commencement of Commercial Operations at Calcasieu Pass
February 17 2025 - 4:07PM
Business Wire
Today, Venture Global announced that it has notified its
long-term customers that its Calcasieu Pass facility will commence
commercial operations on April 15, 2025. The facility will achieve
its commercial operation date, or COD, in under 68 months from its
August 2019 final investment decision, despite substantial impacts
including two hurricanes, the COVID-19 pandemic, and major
unforeseen manufacturing issues, such as with the Heat Recovery
Steam Generators (HRSGs) forming part of the facility’s power
island.
Venture Global wishes to express its gratitude to its
construction and completion teams who tirelessly worked to safely
complete our facilities, to our vendor teams who provided
invaluable support for the necessary repairs, and to our government
regulators, including the Federal Energy Regulatory Commission, for
their oversight and cooperation. These efforts now allow us to
supply our long-term customers with the full 20-year contract term
of the lowest-cost, clean LNG as promised under our contracts, and,
with our COD, makes Calcasieu Pass among the fastest greenfield LNG
projects completed.
About Venture Global
Venture Global is a long-term, low-cost provider of U.S. LNG
sourced from resource rich North American natural gas basins.
Venture Global’s business includes assets across the LNG supply
chain including LNG production, natural gas transport, shipping and
regasification. Venture Global’s first facility, Calcasieu Pass,
commenced producing LNG in January 2022. The company’s second
facility, Plaquemines LNG, achieved first production of LNG in
December 2024. The company is currently constructing and developing
over 100 MTPA of nameplate production capacity to provide clean,
affordable energy to the world. Venture Global is developing Carbon
Capture and Sequestration projects at each of its LNG
facilities.
Forward-looking Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. All statements other than
statements of historical fact or relating to present facts or
current conditions included in this press release are
forward-looking statements. Forward-looking statements include
statements concerning the offering, Venture Global’s plans,
objectives, goals, strategies, future events or performance,
capital expenditures, financing needs, ability to fund operations,
timelines for development and construction of its projects and
commencement of operation at its projects, intentions relating to
acquisitions, competitive strengths and weaknesses, and business
strategy; and other information that is not historical information.
Words such as “may”, “will”, “expect”, “intend”, “estimate”,
“anticipate”, “believe”, “should”, “forecast”, “project”, “target”,
“plan” or “aim” or terms of similar meaning are also generally
intended to identify forward-looking statements. Any statements
contained herein that are not statements of historical fact may be
deemed to be forward-looking statements.
Readers are cautioned not to place undue reliance on any of
these forward-looking statements. These forward-looking statements
speak only as of the date hereof. Venture Global undertakes no
obligation to update any of these forward-looking statements to
reflect events or circumstances after the date of this press
release or to reflect actual outcomes, unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250217187997/en/
Investor Contact Michael Pasquarello
IR@ventureglobalLNG.com
Media Contact Shaylyn Hynes
press@ventureglobalLNG.com
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