Venture Global Announces Commencement of Commercial Operations at Calcasieu Pass
Venture Global has announced that its Calcasieu Pass facility will begin commercial operations on April 15, 2025. The facility will achieve its commercial operation date (COD) in less than 68 months from its August 2019 final investment decision, despite facing significant challenges including two hurricanes, the COVID-19 pandemic, and major manufacturing issues with Heat Recovery Steam Generators (HRSGs).
The achievement positions Calcasieu Pass among the fastest completed greenfield LNG projects. The company will now supply its long-term customers with the full 20-year contract term of low-cost, clean LNG as promised under their contracts.
Venture Global ha annunciato che il suo stabilimento di Calcasieu Pass inizierà le operazioni commerciali il 15 aprile 2025. Lo stabilimento raggiungerà la data di inizio delle operazioni commerciali (COD) in meno di 68 mesi dalla decisione finale di investimento di agosto 2019, nonostante abbia affrontato sfide significative, tra cui due uragani, la pandemia di COVID-19 e gravi problemi di produzione con i Generatori di Vapore a Recupero di Calore (HRSG).
Questo traguardo posiziona Calcasieu Pass tra i progetti LNG greenfield completati più rapidamente. L'azienda fornirà ora ai suoi clienti a lungo termine l'intero contratto di 20 anni di LNG pulito a basso costo, come promesso nei loro contratti.
Venture Global ha anunciado que su instalación de Calcasieu Pass comenzará operaciones comerciales el 15 de abril de 2025. La instalación alcanzará su fecha de inicio de operaciones comerciales (COD) en menos de 68 meses desde su decisión final de inversión en agosto de 2019, a pesar de enfrentar desafíos significativos, incluidos dos huracanes, la pandemia de COVID-19 y grandes problemas de fabricación con los Generadores de Vapor de Recuperación de Calor (HRSG).
Este logro posiciona a Calcasieu Pass entre los proyectos de LNG greenfield completados más rápidamente. La compañía ahora suministrará a sus clientes a largo plazo el contrato completo de 20 años de LNG limpio y de bajo costo, tal como se prometió en sus contratos.
벤처 글로벌은 칼카슈 패스 시설이 2025년 4월 15일에 상업 운영을 시작할 것이라고 발표했습니다. 이 시설은 2019년 8월의 최종 투자 결정 이후 68개월이 채 되기 전에 상업 운영 시작일(COD)에 도달할 것이며, 두 개의 허리케인, COVID-19 팬데믹, 열 회수 증기 발전기(HRSG)와 관련된 주요 제조 문제 등 여러 가지 큰 도전에 직면했음에도 불구하고 가능합니다.
이 성과는 칼카슈 패스를 가장 빠르게 완공된 그린필드 LNG 프로젝트 중 하나로 자리매김하게 합니다. 회사는 이제 장기 고객에게 계약에 따라 약속된 저비용의 청정 LNG를 20년 계약 기간 동안 공급할 것입니다.
Venture Global a annoncé que son site de Calcasieu Pass commencera ses opérations commerciales le 15 avril 2025. Le site atteindra sa date de mise en service commerciale (COD) en moins de 68 mois après sa décision finale d'investissement d'août 2019, malgré des défis importants, notamment deux ouragans, la pandémie de COVID-19 et des problèmes de fabrication majeurs avec les Générateurs de Vapeur à Récupération de Chaleur (HRSG).
Cette réalisation positionne Calcasieu Pass parmi les projets LNG greenfield les plus rapidement achevés. L'entreprise fournira désormais à ses clients à long terme l'intégralité du contrat de 20 ans de LNG propre à bas coût, comme promis dans leurs contrats.
Venture Global hat angekündigt, dass seine Calcasieu Pass-Anlage am 15. April 2025 mit dem kommerziellen Betrieb beginnen wird. Die Anlage wird ihren kommerziellen Betriebsstart (COD) in weniger als 68 Monaten nach der endgültigen Investitionsentscheidung im August 2019 erreichen, obwohl sie erheblichen Herausforderungen wie zwei Hurrikans, der COVID-19-Pandemie und großen Produktionsproblemen mit den Wärme-Rückgewinnungs-Dampfgeneratoren (HRSG) ausgesetzt war.
Diese Errungenschaft positioniert Calcasieu Pass unter den am schnellsten abgeschlossenen Greenfield-LNG-Projekten. Das Unternehmen wird nun seinen langfristigen Kunden die gesamte 20-jährige Vertragslaufzeit von kostengünstigem, sauberem LNG wie versprochen unter ihren Verträgen liefern.
- Facility completion in under 68 months despite major challenges
- Achievement of commercial operations milestone for 20-year LNG contracts
- Recognition as one of the fastest completed greenfield LNG projects
- Significant delays due to hurricanes, COVID-19, and manufacturing issues
Insights
The commencement of commercial operations at Calcasieu Pass marks a pivotal moment for Venture Global, with substantial implications for both the company's financial outlook and its competitive position in the global LNG market. The facility's completion in under 68 months is particularly impressive given the industry average of 84-96 months for comparable projects.
The successful navigation through multiple severe challenges - including two hurricanes, COVID-19, and technical issues - while maintaining a relatively fast completion schedule demonstrates robust project management capabilities and operational resilience. This efficiency in project execution could translate into significant cost advantages, as faster completion typically means earlier revenue generation and lower carrying costs.
The announcement's timing is strategically significant amid the current global energy landscape. With Europe actively seeking to diversify its LNG supply sources and Asia's growing demand for clean energy, Venture Global's ability to deliver contracted LNG at competitive prices positions it favorably in the market. The commencement of operations enables the company to begin fulfilling its long-term supply contracts, which typically generate stable, predictable cash flows over their 20-year duration.
The successful resolution of technical challenges, particularly with the Heat Recovery Steam Generators, indicates strong vendor relationships and technical capabilities - important factors for future projects and operational reliability. This track record could provide Venture Global with competitive advantages in securing future contracts and project approvals, potentially enhancing long-term growth prospects.
Venture Global wishes to express its gratitude to its construction and completion teams who tirelessly worked to safely complete our facilities, to our vendor teams who provided invaluable support for the necessary repairs, and to our government regulators, including the Federal Energy Regulatory Commission, for their oversight and cooperation. These efforts now allow us to supply our long-term customers with the full 20-year contract term of the lowest-cost, clean LNG as promised under our contracts, and, with our COD, makes Calcasieu Pass among the fastest greenfield LNG projects completed.
About Venture Global
Venture Global is a long-term, low-cost provider of
Forward-looking Statements
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Investor Contact
Michael Pasquarello
IR@ventureglobalLNG.com
Media Contact
Shaylyn Hynes
press@ventureglobalLNG.com
Source: Venture Global Inc.
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