Calcasieu Pass LNG Export Facility Gets USD 1.3 Bn Boost

Illustration. Source: Flickr - under the: CC BY 2.0 license; Image by: Kees Torn

Stonepeak Infrastructure Partners is to invest USD 1.3 billion in Venture Global’s 10 MTPA Calcasieu Pass LNG export facility in Cameron Parish, Louisiana.

Venture Global said the latest agreement brought the total committed capital to fund the construction of Calcasieu Pass and the continued development of Venture Global’s 20 MTPA Plaquemines LNG and 20 MTPA Delta LNG facilities to USD 2.2 billion.

The Calcasieu Pass facility has received all necessary permits, including FERC authorization and Non-FTA export authorization from the US Department of Energy, and construction activities are ongoing with over USD 250 million spent on site preparation work, final engineering and equipment purchases and fabrication.

According to Venture Global, the facility’s marine terminal will accommodate LNG carriers up to 185,000 cubic meters in capacity, while two loading docks will allow for flexibility in loading the vessels and scheduling safe operations.

“Calcasieu Pass is already significantly advanced in both site construction and module manufacturing, owing to the USD 855 million raised to date,” Bob Pender, Venture Global Co-CEO, said, adding that the facility would start providing LNG in 2022.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >