Venture Global gets OK to work on Louisiana Calcasieu LNG export plant [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Venture Global gets OK to work on Louisiana Calcasieu LNG export plant March 19 (Reuters) - The U.S. Federal Energy Regulatory Commission (FERC) on Tuesday approved Venture Global LNG Inc’s request to proceed with full site preparation at its proposed $4.5 billion Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana: * Calcasieu Pass is designed to produce about 10 million tonnes per annum (MTPA) of LNG, or about 1.3 billion cubic feet per day (bcfd) of natural gas. One billion cubic feet is enough gas to fuel about 5 million U.S. homes for a day. * Calcasieu Pass is one of dozens of LNG export terminals that developers are seeking to build in the United States, Canada and Mexico over the next decade to meet growing global demand for the fuel. * The United States, which was a net importer of LNG before shipping its first cargo from the lower 48 states in February 2016, became the third biggest exporter of the super-cooled fuel by capacity in 2018, behind Australia a
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