Plaquemines LNG Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Plaquemines LNG Terminal is a proposed LNG terminal in Louisiana, United States.
- Owner: Venture Global Plaquemines LNG, LLC
- Parent: Venture Global LNG, Inc.
- Location: Plaquemines Parish, Louisiana, United States
- Coordinates: 29.39, -89.48 (approximate)
- Capacity: 20 million metric tons per year
- Status: Proposed
- Type: Export
- Start Year: Expected 2021
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Venture Global's Plaquemines LNG Terminal is a proposed LNG terminal in Louisiana, United States. The 632-acre site is located on the Mississippi River.
Construction was expected to begin in 2018. The company is also proposing the construction of two natural gas pipelines to connect existing pipelines to the site, including the Gator Express Gas Pipeline.
In July of 2017, the project received approval from the Department of Energy (DOE) to export LNG to Free Trade Agreement nations. In October of 2019, the project received approval from the Department of Energy (DOE) to export up to 3.4 billion cubic feet per day (Bcf/d) to non-Free Trade Agreement nations.
In September of 2019, the project received full Federal Energy Regulatory Commission (FERC) approval. FERC also approved the associated Gator Express Gas Pipeline system, which will bring natural gas from existing pipelines to the new facility in Plaquemines Parish.
In June of 2019, the company struck a deal with PGNiG to buy 2.5 million tons of liquefied natural gas from the yet-to-be-built Plaquemines terminal, up from 1 million in an earlier agreement, suggesting that the project is still proceeding.
In April of 2020, Venture Global Plaquemines LNG LLC and Electricite de France SA (EDF) entered into a 20-year sales and purchase agreement (SPA) for 1 million metric tons per annum (mtpa). Under this agreement, EDF will purchase LNG on a free onboard basis for a 20-year term starting from the commercial operation date of the export facility. The energy and shipping brokerage Poten & Partners also disclosed that the final investment decision (FID) for the terminal had been delayed beyond the original FID timing of 2020. It cited COVID-19, plunging demand and the crash in oil prices as the reasons for the delay.
Articles and resources
- Marissa Luck,Venture Global raises $675M more for LNG projects Houston Chronicle, June 28, 2019
- Venture Global Plaquemines LNG, Plaquemines LNG, accessed May 2017
- $8.5 billion natural gas project in Plaquemines Parish to create 250 jobs Nola.com, 22 December 2016
- Venture Global LNG, Plaquemines LNG Project, accessed July 2017
- Nick Blenkey, Plaquemines LNG export project gets DOE approval Marine Log, October 17, 2019
- Rachael Thomas, $8.5 billion natural gas liquefaction facility coming to Plaquemines Parish WAFB9, September 30, 2019
- Venture Global Plaquemines LNG, EDF enter agreement BIC Magazine, April 20, 2020
- John Snyder FID’s delayed by global uncertainty Riviera Maritime Media, Apr. 24, 2020