“More than 20 months after their first cargo, Venture Global’s claim to still be commissioning a facility that, according to publicly available data, has been producing at around nameplate capacity for more than a year is simply unbelievable and increasingly untenable.”
Simonelli said natural gas would be both a bridge and a destination fuel in the energy transition.
The LNG company CEO Mike Sabel said Venture Global was “thrilled” to be Excelerate’s “inaugural long-term LNG supplier”.
Japanese companies have struck a number of LNG deals, as the government pushes to lock in future energy supplies.
US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG.
Venture Global’s Calcasieu Pass LNG is loading its first cargo, while Cheniere Energy has announced Train 6 at its Sabine Pass project is complete.
The US will become the world’s largest LNG exporter by the end of 2022, according to the Energy Information Administration (EIA).
Venture Global has set out plans to develop a fourth LNG facility, with an investment of $10 billion.
Venture Global has set out plans to capture 500,000 tonnes per year of carbon at its Calcasieu Pass and Plaquemines LNG projects.