Enbridge Advancing Construction of Natural Gas Pipeline to Venture Global’s LNG Facility

Enbridge Advancing Construction of Natural Gas Pipeline to Venture Global's LNG Facility
Source: Enbridge

Canadian energy company Enbridge Inc. said on Thursday it would build a pipeline project to supply natural gas to Venture Global LNG’s Plaquemines liquefied natural gas (LNG) export facility in Louisiana.

On Wednesday, Venture Global said it made a final investment decision (FID) to build the first phase of its proposed Plaquemines plant.

That decision comes as gas prices and LNG demand have soared to record highs around the world to meet growing use of the fuel in Asia and as European countries seek to break their dependence on Russian gas after Moscow’s Feb. 24 invasion of Ukraine.

Plaquemines is the first U.S. LNG project to reach financial close since Venture Global’s Calcasieu Pass in August 2019. Calcasieu delivered its first LNG earlier this year.

(Photo: RBN Energy)

The first phase of the 20-million-tonne-per-annum (MTPA) Plaquemines project will produce about 13.3 MTPA of LNG or 1.75 billion cubic feet per day (Bcf/d) of natural gas.

One billion cubic feet is enough gas to supply about five million U.S. homes.

Enbridge said its Gator Express Meter and Venice Extension projects would supply about 1.5 Bcf/d of gas to Plaquemines.

Enbridge said it expected Gator Express to enter service in 2023 and the Venice Extension in 2024, with an estimated cost for both projects of $400 million.

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat. Stuart is on Board Member of ASN Productions, DI Communities Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.