DOE Approves 13 Pct Increase in Plaquemines LNG Exports [Yahoo! Finance]
Venture Global, Inc. Class A common stock (VG)
Last venture global, inc. class a common stock earnings: 2/18 07:00 am
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Source: Yahoo! Finance
This article was first published on Rigzone here The United States Department of Energy (DOE) has granted Venture Global Inc authorization to raise exports from its Plaquemines LNG facility in Louisiana to non-FTA countries by 0.45 billion cubic feet per day (Bcfpd) of gas equivalent, or 13 percent. The order increases Plaquemines LNG's total permitted export volume - for nations with a free trade agreement (FTA) with the U.S. and non-FTA countries - to 3.85 Bcfpd or 1.41 trillion cubic feet a year. The annual volume has a declared LNG equivalent of 27.2 million metric tons per annum (MMtpa). The permit is valid until 2050. "[W]hile Plaquemines LNG is already authorized to export LNG from the project in a volume equivalent to 1,405.33 Bcf/yr of natural gas to FTA countries, this order will give Plaquemines LNG the flexibility to allow exports to non-FTA countries consistent with the maximum production capacity authorized by FERC [Federal Energy Regulatory Commission]", read the
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