HOUSTON, June 10 (Reuters) - Venture Global ( VG ) 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
Tuesday.
Venture Global ( VG ) 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 ( VG ) 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 ( VG ) 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 ( VG ) plans to keep the land it had set aside for
Delta, should the market support the revival of the project, the
company said.