Venture Global Calcasieu Pass LLC secured an additional 432 acres for the Calcasieu Pass LNG facility in Cameron Parish, La., through an agreement, parent company Venture Global LNG Inc. said June 2.
There are now has 938 acres for the Calcasieu Pass LNG facility, which will support long-term clean energy in North America. The acquisition nearly doubled Venture’s original amount, William M. Wicker, CEO of Venture Global, said. The land will be used for ship berths, offices, parking and other project-related developments, he added.
Calcasieu Pass will have about 1,500 workers and will create about 130 long-term jobs. The facility is scheduled to be operational in late 2019. During development and operations, environmental protection will be a priority, Venture said.
Pending regulatory approval, Calcasieu Pass could export 10 million metric tonnes of LNG yearly around the world.
Venture Global LNG Inc. is based in Washington, D.C.
Recommended Reading
Matador Slashes Debt with $113MM Piñon Midstream Payout
2024-10-29 - Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.
WhiteHawk Energy Adds Marcellus Shale Mineral, Royalty Assets
2024-09-18 - WhiteHawk Energy LLC said it acquired Marcellus Shale natural gas mineral and royalty interests covering 435,000 gross unit acres operated by Antero Resources, EQT, Range Resources and CNX Resources.
Mach Natural Resources Closes Two Midcontinent Deals
2024-10-03 - Mach purchased assets in the Anadarko and Ardmore basins for a total consideration of $136 million.
Service Companies Innovex, Dril-Quip Complete Merger
2024-09-06 - The combined onshore and offshore services companies Dril-Quip Inc. and Innovex Downhole Solutions, are expected to generate more than $1 billion in annual revenue.
Equinor Acquires Nearly 10% Stake in Ørsted for $2.5B
2024-10-07 - Equinor becomes the second largest stakeholder in Ørsted with its $2.5 billion acquisition of the Danish company’s shares.