Venture Global’s Plaquemines LNG project reaches FID

Venture Global’s Plaquemines LNG project reaches FID

26 May 2022

Venture Global has set a final investment decision (FID) for the first phase of its Plaquemines LNG project, which also features the Gator Express pipeline. This stage has an estimated capacity of 13.33 million tonnes per annum (Mtpa).

The developer secured over US$13bn in financing, the world’ largest project financing to date, for the construction and commissioning of remaining works at Plaquemines.

The Plaquemines project has already acquired all licences and firmed 20-year purchase agreements that correspond to 80% of its final 20Mtpa capacity.

For more information please visit EICDataStream.

Read more from Industry News
Greenalia opens RFI for floating offshore wind projects in Spain
Read More
Neste sets FID for €1.9bn refinery expansion project in Rotterdam
Read More
Germany reassessing Nord Stream 2’s connection to Russia
Read More