Construction of the Venture Global LNG plant at Calcasieu Pass is ahead of schedule and cargoes for a second project will be fully contracted by the middle of 2021, reports Financial Review (subscription may be required).
Venture Global plans to have six of 18 production units at the plant in Louisiana installed by mid-February. The first phase of Plaquemines LNG, the company’s second project in the state, will be fully contracted by the end of June.
Venture Global’s momentum comes during what has been a difficult year for most LNG developers due to the coronavirus pandemic. Two of the pre-built trains have already been installed at the site and two more are on the way. The company plans to use the same approach for its proposed Plaquemines LNG export terminal. See the full story at Financial Review.