All articles tagged with #venture global
Venture Global won an arbitration case against Shell and other energy companies, defending its practice of selling LNG on the spot market before its Louisiana facility was fully operational, which could influence future LNG contract disputes. Despite the win, Shell expressed disappointment, emphasizing the importance of trust in long-term LNG contracts.
Venture Global LNG has nine LNG carriers on order in South Korea, with six having a cargo capacity of 174,000 cbm and three with a capacity of 200,000 cbm. The company aims to enhance fuel efficiency and reduce GHG emissions by using the latest propulsion technology. This investment aligns with its long-term terminal use agreement for regasification capacity at Europe’s largest LNG import terminal. Venture Global is also making progress with its Calcasieu Pass LNG export terminal in Louisiana and is working on its Plaquemines LNG export plant and proposed CP2 LNG project.
The Biden administration is postponing a decision on a Louisiana liquefied natural gas (LNG) export project, potentially impacting the global energy market and signaling a shift in climate change criteria for such projects. The delay could affect 16 proposed LNG export projects, drawing concern from companies like Venture Global and prompting environmentalists to applaud the move. The decision, which could spare the White House from criticism from environmentalists, is part of a broader review of LNG export projects to include more climate change considerations.