2.6 Bcf/d Plaquemines facility to begin construction in 2018
Venture Global LNG announced Wednesday that it has submitted the FERC application for its Plaquemines LNG facility. Located in Plaquemines Parish, Louisiana, the Plaquemines LNG export terminal will be constructed on the banks of the Mississippi river.
Venture Global’s facility will be constructed in two phases, totaling a capacity of 2.6 Bcf/d. The facility will be supplied by a total of 27 miles of 42-inch pipelines. These will tie in to two interstate pipelines, the Texas Eastern Transmission Pipeline and the Tennessee Gas Pipeline. According to Venture Global, the short distance to multiple major pipelines will allow the project to keep costs down.
In a joint statement, Co-CEOs Bob Pender and Mike Sabel said, “Submitting our formal application is a significant milestone in the development of our second low cost LNG export terminal. With the support of the Plaquemines Port and the Plaquemines Council, this large, attractive site on the Mississippi River is convenient and safely accessible to our international LNG customers.”
Venture Global anticipates that FERC will issue a final Environmental Impact Statement in Q1 2018. This would allow construction to begin in Q2 or Q3 2018. If this milestone is reached, Phase 1 production should begin in mid-2020, with final phase 1 construction reaching completion in mid-2021. Final construction of Phase 2 is scheduled for completion in Q1 2023, at which point the Plaquemines facility would be fully operational.
Multiple LNG export facilities currently under construction
Venture Global is not the only company planning GOM LNG facilities. Tellurian’s (ticker: TELL) Driftwood LNG will file for FERC approval in Q1 2017, and Cheniere’s (ticker: LNG) Sabine Pass facility has nearly completed construction on Train 3, out of a total of 5. Additional LNG export terminals currently in construction include:
- Dominion Energy’s Cove Point LNG facility in Cove Point, Maryland, is scheduled to bring one train totaling 0.82 Bcf/d online near the end of 2017.
- Corpus Christi LNG, another Cheniere project, is under construction in Corpus Christi, Texas. The terminal is scheduled to begin service in 2018, with total permitted capacity at 2.96 Bcf/d
- Sempra Energy’s Cameron LNG terminal, located in Hackberry, Louisiana, is under construction and is scheduled to bring three trains online in 2018. A total of 2.1 Bcf/d has been permitted.
- Freeport LNG’s terminal planned for Freeport, Texas, has three trains under construction totaling 1.8 Bcf/d. The first is scheduled to begin service in 2018, and the second and third in 2020.
