LNG Export Facility Announced In Southwestern Louisiana

CAMERON PARISH, La., Dec. 10, 2014 /PRNewswire/ -- Venture Global LNG announced today it is developing a liquefied natural gas export facility, the Calcasieu Pass Project, in southwestern Louisiana, which will bring hundreds of jobs to the local community.

"I am honored to officially announce the Calcasieu Pass Project that will deliver reliable, safe, low-cost LNG exports to the world," said William Wicker, CEO of Venture Global LNG at a press conference in Cameron Parish today. "Louisiana is leading the way in industrial development and job creation, and we are proud that the project will create high quality, high-paying jobs and revenue for the state."

The Calcasieu Pass Project, south of the city of Lake Charles, will be built, operated and manufactured in Louisiana, and will create 1,500 construction jobs, 326 indirect jobs and 100 permanent jobs for the community.

"Venture Global's investment of $4.25 billion in Louisiana is the latest in an impressive series of projects here in Southwest Louisiana that showcase our state's tremendous energy infrastructure and our outstanding workforce," Louisiana Governor Bobby Jindal said. "Cameron Parish affords the company great access to both natural gas supplies and deep-water access for shipping LNG to customers around the world. With billions of dollars in new investment for projects like Venture Global LNG, Louisiana is moving forward with next-generation energy infrastructure to connect to world markets and to create the best jobs for the future."

The export facility in Cameron Parish, Louisiana will be 203 acres along the Calcasieu Ship Channel where it meets the Gulf of Mexico. The plant that will operate with a midscale, modular technology to capitalize on low-cost natural gas production under the direction of a top management team, including energy, engineering and financial experts.

The Calcasieu Pass Project has received authorization from the U.S. Department of Energy to export 10.0 million tonnes per annum (MTPA) of LNG to countries with whom the U.S. already has a free trade agreement. Additionally, the project is seeking authorization from both the Federal Energy Regulatory Commission (FERC) and the US department of Energy to export 10.0 million tonnes per annum of LNG to non-FTA countries.

The timeline for the project includes the regulatory and government filing process and securing commercial agreements through the year 2016, with operations beginning in late 2019. More on the project can be found at http://venturegloballng.com/vg-lng/.

About Venture Global LNG

Venture Global LNG is currently developing the Calcasieu Pass project, a liquefaction and export facility in Cameron Parish Louisiana, south of the city of Lake Charles. Pending regulatory approval, the project will serve LNG markets by exporting ten million metric tonnes per annum of LNG to customers around the world. Venture Global LNG plans to be a long-term, low-cost producer of LNG, capitalizing on low-cost natural gas production in the United States. Venture Global LNG's strategy utilizes a highly efficient, mid-scale LNG liquefaction technology in a base-load configuration. Venture Global LNG intends to develop, own and operate additional LNG liquefaction and export facilities in the future. More can be found at www.venturegloballng.com 

Media Contact: Carrie Blewitt, [email protected], 202-744-5270

Photo - http://photos.prnewswire.com/prnh/20141210/163684

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SOURCE Venture Global LNG, Inc.

Related Links

http://www.venturegloballng.com