June 27 (Reuters) - U.S. liquefied natural gas company
Venture Global LNG's Plaquemines export plant under construction
in Louisiana started to take in natural gas from pipelines on
Wednesday, according to data from financial firm LSEG on
Thursday.
The United States is already the biggest LNG exporter in the
world. Plaquemines is expected to be the next U.S. LNG export
plant to enter service later in 2024.
LSEG data showed Plaquemines took in about 0.6 billion cubic
feet per day (bcfd) of gas on Wednesday.
One billion cubic feet is enough gas to supply about five
million U.S. homes for a day.
Analysts have said they expect Venture Global to complete
work on the first 1.8-bcfd phase of Plaquemines between
2024-2026 and the second 1.2-bcfd phase between 2025-2026.
Officials at Plaquemines were not immediately available for
comment.
In March 2023, when Venture Global made a final investment
decision (FID) to build phase 2 at Plaquemines, the company said
it had secured $7.8 billion of project financing for the second
phase, bringing the total phase 1 and 2 investment to around $21
billion.
The seven U.S. LNG export plants already operating can turn
about 13.8 bcfd of gas into about 104.6 million tonnes per annum
(MTPA) of LNG.
Analysts expect U.S. LNG export capacity will rise to around
17.0 bcfd of gas or 129.4 MTPA of LNG in mid 2025 as units from
the first phase of Plaquemines and Cheniere Energy's
1.5-bcfd Corpus Christi Stage 3 expansion in Texas enter service
staring in late 2024.
Venture Global has said Plaquemines customers include units
of Exxon Mobil ( XOM ), Chevron ( CVX ), EnBW Energie Baden
Wuerttemberg, New Fortress Energy ( NFE ), PETRONAS,
China Gas Holdings ( CGHOF ), Excelerate Energy ( EE ), Polish
Oil and Gas (PGNiG), China Petroleum and Chemical (Sinopec)
, China National Offshore Oil Corp (CNOOC), Shell
and Electricite de France (EDF).
Shell is also one of several customers of Venture Global's
roughly 1.6-bcfd Calcasieu export plant in Louisiana that is in
a dispute with Venture Global over failing to deliver cargoes
two years after Calcasieu started producing LNG. Venture Global
has said the plant is not yet ready for commercial operations.
Venture Global has about 70 MTPA of LNG export capacity in
operation, construction or development in Louisiana, including
the 10-MTPA Calcasieu (operation), 20-MTPA Plaquemines
(construction), 20-MTPA Delta (development) and 20-MTPA CP2
(development).