Happy Monday! Welcome back to another week of ESC News Blog!
We hope everyone had a little fun
and relaxation time over the weekend! Let’s
get started!
You know we love a follow-up, and
we blogged on Venture Global LNG Inc. earlier in August on how they have received
approval from the U.S. Department of Energy (DOE) to export an additional 200
billion cubic feet of LNG to Non-FTA countries from their Calcasieu Pass LNG
Plant.
Did anyone
happen to read the gCaptain Shipping Newsletter on August 18, 2025, the
have a reprinted article for Reuters titled, “Venture Global Eyes More
After Shell Arbitration Victory”? In the
article, it spoke on how after Venture Global’s favorable outcome to legal proceedings have made them hopeful several other cases against them will
have the same positive outcome. In the article,
it’s noted that Venture Global expects to expand their capacity in the next few
years, positioning them to become the leading LNG exporter in the country, with
plans to deliver more than 100 million metric tons of LNG by the end of the decade. In Venture Global’s future strategy involves them
continuing building the next phase of their CP2 facility in Louisiana, whose project
costs have increased due to outside influences including tariffs, price increases
from supply and wage expenses, as well as other circumstances; now the project
may cost upward to $29 billion. In
addition, they are expected to construct a 10 mtpa CP3 facility. Venture Global intends to have a Phase 2 added
to their Plaquemines facility in Louisiana in the future, too. Venture Global is getting American LNG out to
the world and their expansion will help get even more! We wish them continued luck and success with
their expansion! If you would like to
read more of the gCaptain’s article, please click the link: Venture Global Eyes More Wins After Shell Arbitration Victory.
If you would
like help in looking into how to move your liquids and reduce your emissions,
contact us via email in the Blog and check out our ESC website!
We hope you have a wonderful evening!