Venture Global Calcasieu Pass Receives non-FTA Countries DOE Order

The U.S. Department of Energy announced today the issuance of a long-term order authorizing the export of domestically produced LNG to Venture Global Calcasieu Pass, LLC (Calcasieu Pass) from a proposed LNG export project located in Cameron Parish, Louisiana.

Co-CEOs Bob Pender and Mike Sabel jointly stated, “We are excited that we now have all federal authorizations for our Calcasieu Pass project, and we thank the Department of Energy for their expeditious decision. We are pleased that our Calcasieu Pass buyers – Shell, BP, Edison, Galp, Repsol, and PGNiG – can now deliver our low-cost US-produced energy worldwide, and we are proud to bring the benefit of the DOE’s decision to our country and our local communities in Louisiana. We have filed our implementation plans with FERC to commence site works imminently.”

Under the order, Venture Global Calcasieu Pass will be able to export up to 1.7 billion cubic feet per day (Bcf/d) of natural gas as LNG to any countries that do not have a free trade agreement (FTA) with the United States and that are not prohibited from trading with the United States under U.S. law or policy (known as non-FTA countries).

“Projects such as Calcasieu Pass’s LNG export project represent a tremendous opportunity for the United States,” said U.S. Secretary of Energy Rick Perry. “To secure our place among the top LNG exporters in the world, brings great benefits to both the United States and our trading partners around the world.”

In February of this year Calcasieu Pass received authorization to site and construct the project from Federal Energy Regulatory Commission.