Venture Global is ready to start feeding natural gas into its second LNG plant, Plaquemines, which is one of the last steps towards full-scale production.
In a filing, the company said it was ready to start pumping gas to the last block at Plaquemines LNG more than two years ahead of schedule. In its latest request to the Federal Energy Regulatory Commission, Venture Global asked for and received an extension to the original deadline, to the end of 2027.
This means that Venture Global can start servicing its long-term contracts in two years. In the meantime, however, clients worry it would sell LNG on the spot market for higher prices. Plaquemines clients fear a repeat of what Venture Global did with its first LNG plant, in Calcasieu Pass, where it delayed the official commissioning of the facility for years, while selling LNG produced there on the spot market.