
(Source: Venture Global, Shutterstock.com)
LNG producer Venture Global (VG) filed a request with the federal government March 25 to open the remaining facilities at Calcasieu Pass LNG plant, a facility that has been producing LNG for more than two years.
Since LNG production started in January 2022, Venture Global has said the plant has continually been in the commissioning process and is legally incomplete, which allows it to sell LNG on the global spot market instead of to its long-term customers.
The move led its long-term customers to file for arbitration.
In VG’s request, the company askes for authorization for Calcasieu Pass “to place in-service the remainder of the facilities for the Project: Power Power Island, Pre-Treatment, LNG Storage, Boil-Off Gas, and Marine Facilities,” according to a submission to the Federal Energy Regulatory Commission.
With FERC’s permission, the plant would fully commence operations by April 1, according to the request. VG’s statement did not specify that, with completion, the site would be fully commissioned.
The CEO of Shell, one of the plant’s long-term customers, said March 25 that he expects to have updates to the arbitration hearings over the next few months.
CEO Wael Sawan made the comment during Shell’s capital markets day in New York City, according to a Reuters report.
Shell, BP, Italy’s Edison and Repsol are among the customers involved in arbitration.
RELATED
Recommended Reading
Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club
2025-04-16 - The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Five Point Forms PowerBridge with $1B Commitment to Build Data Centers
2025-05-15 - Five Point Infrastructure has formed PowerBridge LLC with a $1 billion equity commitment to develop and manage gigawatt-scale data centers and associated infrastructure.
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Dividends Declared Weeks of April 7, 14
2025-04-18 - First-quarter 2025 earnings season is underway. Here is a compilation of dividends declared in the last two weeks from select upstream, midstream and service and supply companies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.