An LNG tanker docked along the Mississippi River on Nov. 18—possibly the long-awaited signal that Venture Global’s Plaquemines LNG plant is close to starting operations.
The Venture Bayou, one of Venture Global’s new LNG tankers, docked at the Plaquemines LNG location along the river, south of New Orleans, according to the ship-tracking site VesselFinder.com.
Less than two weeks ago, the Federal Energy Regulatory Commission (FERC) gave Venture Global permission to introduce natural gas into its “fuel gas and warm flare” systems on Nov. 6. The procedure was a necessary step in the plant’s start-up process.
The Venture Bayou and the Venture Gator, another one of Venture Global’s LNG tankers, were both anchored outside the Mississippi River’s mouth when the FERC approved the permits. On Nov. 18, Venture Gator remained in the Gulf of Mexico at the same location.
The company announced the creation of a nine-vessel LNG tanker fleet in March.
Plaquemines LNG is a 20-million metric tons per annum facility that will, when fully operational, draw 3.32 Bcf/d of natural gas to manufacture super-chilled LNG. Upon completion, the plant will be the second-largest in the U.S.
Venture Global did not answer Hart Energy’s request for comment.
Whether production at Plaquemines begins or not, Venture Global has already made recent news. The company is preparing to launch an initial public offering in the near future, Bloomberg reported on Nov. 13.
Once the Plaquemines LNG facility begins operations, Venture Global will become the second-largest LNG producer in the U.S., second only to Cheniere Energy. The U.S. is expected to more than double its LNG over the next three years, drawing on an abundant natural gas supply created by the development of shale plays.
Recommended Reading
Novel EOR Process Could Save Shale from a Dry Future
2024-12-17 - Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Companies Hop on Digital Twins, AI Trends to Transform Day-to-day Processes
2024-10-23 - A big trend for oil and gas companies is applying AI and digital twin technology into everyday processes, said Kongsberg Digital's Yorinde Lokin-Knegtering at Gastech 2024.
Liberty Capitalizes on Frac Tech Expertise to Navigate Soft Market
2024-10-18 - Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
2024-12-19 - In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Afterthought to Asset: How Data has Transformed Oil, Gas Decision-Making
2024-12-05 - Digital data points have transformed from a byproduct of operations to the main driver of innovation in the energy industry, says Fabricio Sousa, president of Worley Consulting.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.