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Venture Global Hones in on Natural Gas Supply, Brownfield Expansions to Fuel LNG Growth

Natural Gas Intelligence · last updated

With its third export terminal reaching the construction phase and at least another 42 million tons/year (Mt/y) in projects on the horizon, Venture Global Inc. is looking to tap more supply basins and grow its position as a Gulf Coast natural gas player.

Map of the proposed CP Express Pipeline route from Texas to Louisiana, showing the pipeline’s red path through Beaumont, Calcasieu Parish, and Cameron Parish, with key points including the Moss Lake Compressor Station and CP2 LNG terminal facilities near the Gulf of Mexico.

As part of its recently sanctioned CP2 LNG project, Venture also secured financing for its 85.4 CP Express pipeline project designed to send up to 4.4 Bcf/d from the Katy, TX area near Houston to its export facilities in southwestern Louisiana.

CEO Mike Sabel, who discussed the outlook during the second quarter conference call, said the project represented the next stage of Venture’s growth plans, which require larger infrastructure and wider reaching supply deals to fuel its aggressive brownfield expansion strategy.

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