![]() ![]() ![]() In October, the agreement was increased to two million tonnes per year. FERC should also analyze the potential impact of the proposed project change on traffic fatality risks. In June, German utility EnBW signed a deal with Venture Global to import 1.5 million tonnes per year of LNG for 20 years from the planned Plaquemines Parish LNG terminal and another terminal Venture Global plans to build in Louisiana’s Cameron Parish, known as CP2. The comments, posted on the IEEFA website, also ask commissioners to account for additional workspace, traffic volumes, personnel, and the implementation of a 24-hours-per-day, seven-days-per-week construction schedule requested by Plaquemines LNG in their amended proposal.įERC needs to conduct a more rigorous analysis of both the rationale and the potential effects of these additional staffing levels and include data that was not available at the time of the final Environmental Impact Statement (EIS) authorization. But global demand conditions have changed since Russia’s February 2022 invasion of Ukraine and a wave of new LNG facilities is expected to come online by 2026, causing a potential glut. In total, Venture Global has about 70 MTPA of LNG export capacity in operation, construction or development in Louisiana, including the 10-MTPA Calcasieu (operation and construction), 20-MTPA. (Reuters) - Two long-term supply deals struck this week by LNG developer Venture Global LNG put its second Louisiana LNG facility on the verge of construction and financing approval, analysts said. The IEEFA comments to the Federal Energy Regulatory Commission (FERC) notes omitted and outdated issues with the proposal, including an increased construction schedule, increased staffing levels, and the changing demand for additional LNG exports.įERC should consider that assumptions about global demand for additional LNG export capacity were based on long-term relatively low gas prices in 2019. Ma(IEEFA)-The Institute for Energy Economics and Financial Analysis (IEEFA) is raising additional concerns about a proposed Venture Global Plaquemines LNG Amendment (Plaquemines LNG) expansion.
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