FERC Grants VG Request to Delay Official Start of Plaquemines LNG

Venture Global is building a new LNG export facility in Plaquemines Parish, Louisiana, approximately 20 miles south of New Orleans. When fully complete, Plaquemines LNG’s nominal capacity will be 2.6 Bcf/d (3.2 Bcf/d peak). The first portion of the new plant came online in December when it officially shipped its first cargo to Germany. Venture Global said that it would (as it did with the Calcasieu Pass facility it previously built) pretend that Plaquemines LNG is not “commercially ready” while shipping all sorts of LNG cargoes around the world. The practice allows 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). But that’s not enough for Venture Global! In September, the company asked the Federal Energy Regulatory Commission (FERC) to extend the deadline for declaring the facility commercially ready by another 15 months, from September 30, 2026, to December 31, 2027 (see VG Wants an Extra 15 Months for Commissioning Plaquemines LNG). FERC fell for the ruse and agreed.

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