LNG’s Plaquemines Site Phase Two Approved
The decision to proceed with the second phase of the Plaquemines LNG export plant comes after the parent company, Venture Global LNG, now has $7.8 billion for the project. This is part of the $21 billion funding for the Plaquemines project.
The Plaquemines project is located on the Gulf of Mexico off the coast of Louisiana. The actual building will be built on the west bank of the Mississippi River. The project also includes the Gator Express pipeline. This is a two-pipeline project that is connected to the existing natural gas pipeline that delivers natural gas to the site.
The facility will house a liquefaction plant with 18 integrated single-mixed refrigerant (SMR) blocks, four 200,000m³ LNG storage tanks, three LNG loading docks, and air-cooled power generation facilities. It will comprise six pre-treatment facilities, with three in each phase. Again this project will also be built in two phases. Each phase will take up nine blocks that will include liquefaction units and support facilities.
The plan is to open phase one in 2024 and phase two in 2025. The total project will create 250 new direct jobs, 728 indirect jobs and 2,200 construction jobs (during the project’s building). Phase two customers will include Exxon Mobil (XOM.N), Chevron (CVX.N), EnBW Energie Baden Wuerttemberg (EBKG.DE), New Fortress Energy (NFE.O), PETRONAS, China Gas Holdings (0384.HK) and Excelerate Energy (EE.N).