Venture Global LNG announces long-term expansion plan
Venture Global LNG announces long-term expansion plan
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Natural Gas News
Venture Global LNG announces long-term expansion plan
Summary
Baker Hughes will provide liquefaction train systems and power island systems for Venture Global's future LNG export projects. [Image: Venture Global] by: Shardul Sharma
US LNG developer Venture Global LNG on September 4 announced its long-term expansion plan to increase production from 70mn tonnes/year to more than 100mn t/year. The company has also executed an...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.