Project Venezuela LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Project Venezuela LNG Terminal, also known as Cristobal Colon Project, PVLNG, Proyecto de Terminal de GNL Venezuela, and Proyecto de Terminal de GNL Venezuela, is a cancelled (inferred 4 y) LNG export terminal in Venezuela.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Project Venezuela LNG Terminal | Venezuela[1][2] | 10.302279, -63.331569 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Project Venezuela LNG Terminal | export[1][2] | cancelled (inferred 4 y) | 4 mtpa[1][2] | 4.0 mtpa | False | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Project Venezuela LNG Terminal | export[1][2] | US$2,000,000,000[1][2] | US$2,000,000,000 |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Project Venezuela LNG Terminal | export[1][2] | cancelled (inferred 4 y) | – | – | – | – | 2004 (cancelled) |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Project Venezuela LNG Terminal | export[1][2] | cancelled (inferred 4 y) | Exxon Mobil Corp; Petróleos de Venezuela SA; Shell PLC; Mitsubishi Corp[1][2][1][2][1][2][1][2] | Exxon Mobil Corp; Mitsubishi Corp; Petróleos de Venezuela SA; Shell PLC | – |
Background
In April of 2000, Venezuela's LNG export project was announced in a scaled-down version. Petroleos de Venezuela SA (PDVSA), Royal Dutch/Shell, ExxonMobil Corp., and Mitsubishi Corp. signed a memorandum of understanding to develop a $2 billion LNG project in northeastern Venezuela. The project would have been known as Project Venezuela Liquefied Natural Gas (PVLNG) and would have a production capacity of about 4 million tonnes/ year. The venture was a downsized version of the so-called Cristobal Colon project, which involved the same four partners (but just Exxon Corp. prior to its acquisition of Mobil Corp.). That project called for an investment of more than $5 billion.[3]
It is presumed to be cancelled, with no updates reported since 2000.
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 https://web.archive.org/web/20241103054805/https://www.ogj.com/general-interest/companies/article/17215982/venezuelan-lng-export-project-back-on-track.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 http://www.ogj.com/articles/print/volume-98/issue-14/in-this-issue/gas-processing/venezuelan-lng-export-project-back-on-track.html.
{{cite web}}: Missing or empty|title=(help) - ↑ "VENEZUELAN LNG EXPORT PROJECT BACK ON TRACK" Oil & Gas Journal, accessed April 2019
