Venture Global Scraps Delta LNG Plans to Prioritize Faster Project
(Reuters) — Venture Global asked U.S. federal regulators to withdraw its application to build its proposed 24 million metric tons per annum Delta LNG export facility in Louisiana, saying it can build its proposed Plaquemines expansion project faster, according to a filing on June 10.
Venture Global is the second largest U.S. liquefied natural gas exporter and has been able to build new LNG plants quicker than any other company by manufacturing modular parts outside of the U.S. and then putting them together on site.
Pursuing the Delta LNG Project would not be the best use of its corporate resources, Venture Global said on Tuesday in a filing to the Federal Energy Regulatory Commission.
It said it has instead decided to focus on the Plaquemines Expansion Project which the commission accepted in its pre-filing review process on April 4, Venture Global said.
"Venture Global LNG expects that, upon completion, the Plaquemines Expansion Project will produce approximately the same quantities of LNG as the proposed Delta LNG Project, but on a faster schedule," the company said.
The Plaquemines expansion project will be 18 million metric tons per annum.
Venture Global plans to keep the land it had set aside for Delta, should the market support the revival of the project, the company said.
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