FERC Approves Increased Production at VG’s Plaquemines LNG

At the end of December, Venture Global’s Plaquemines LNG export facility officially shipped its first cargo…to Germany (see Venture Global’s Plaquemines LNG Ships First Cargo to Germany). Unfortunately for Venture Global’s contracted customers, they will have to wait to receive their legally contracted shipments. Venture Global has admitted it will (as it has with its Calcasieu Pass facility) pretend the Plaquemines LNG is not “commercially ready” for 2-3 years, allowing the company to cream the market and make more money for the first couple of years (see Plaquemines LNG Coming Online, Will Hose Customers for 2 Years). It’s a disgusting business practice. However, customers are still willing to sign up knowing how the company operates. The Federal Energy Regulatory Commission (FERC) has just approved a request by Venture Global to increase the Plaquemines plant production capacity by another 13%.

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