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
Permian Surface-owner LandBridge to Raise up to $367MM in IPO
2024-06-17 - Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.
Permian’s LandBridge Prices IPO Below Range at $17/Share, Raising $247MM
2024-06-30 - Houston-based LandBridge, which manages some 220,000 surface acres in the Permian Basin, kicked off trading at $19 per share, more than 10% above its listing price.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
LandBridge Chair: In-basin Data Centers Coming for Permian NatGas
2024-06-28 - Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.
Scott Sheffield Among Investors in Australian Shale Gas IPO
2024-06-27 - The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.