DOE Greenlights LNG Exports from Venture's Plaquemines Project
The U.S. Department of Energy (DOE) issued an order to Venture Global Plaquemines LNG LLC (Plaquemines LNG) approving exports of liquefied natural gas (LNG) from the Plaquemines LNG Project. The project will be on the Mississippi River, in Plaquemines Parish, La., about 20 miles from the Port of New Orleans.
“The increase in LNG infrastructure projects in the U.S. has been astounding to watch,” said Secretary of Energy Rick Perry in a statement. “Projects like Venture Global’s Plaquemines create well-paid, American jobs and have changed the game in sharing the benefits of U.S. LNG with our allies around the world. I am glad the Department is doing our part to empower the Plaquemines project and other energy infrastructure to progress quickly.”
Under the order, Plaquemines LNG will be able to export up to 3.4 billion cubic feet per day (Bcfd) of LNG from the project by ocean-going vessel to any country with which the U.S. does not have a free trade agreement, and with which trade is not prohibited by U.S. law or policy.
The Federal Energy Regulatory Commission (FERC) authorized Plaquemines LNG to site, construct, and operate the Plaquemines LNG Project in Sept. 2019.
Along with the announcement, the DOE has also approved 38.06 Bcfd of LNG exports LNG and compressed natural gas to non-FTA countries. Of this amount, about 15 Bcfd of export capacity is in various stages of operation and construction across eight large-scale export projects. Venture Global’s Calcasieu Pass project is currently under construction.
The U.S. is the top natural gas producer globally and is currently producing about 92 Bcfd of natural gas. LNG exports from the country recently reached 5 Bcfd.
The Venture Global Plaquemines LNG, LLC order can be found here.
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