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Venture Global discusses regulatory milestone

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LNG Industry,

Following the recent announcement by the Federal Energy Regulatory Commission (FERC) that it has issued the final environmental impact statement (EIS) for the Calcasieu Pass LNG facility, Venture Global LNG Inc. has released a statement discussing the news, and announcing the hiring of a new project director.

Venture Global owns the 10 million tpy facility on the Gulf of Mexico. The project remains on schedule for a final investment decision (FID) and commencement of construction in early next year, with full commercial operations expected to start in 2022.

Co-CEOs Bob Pender and Mike Sabel jointly stated: “FERC’s issuance of the final EIS is an important milestone for our Calcasieu Pass project. With the project fully contracted for financing with binding 20-year offtake agreements with Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG, we are looking forward to a final investment decision and commencement of construction early next year.”

In the statement, Venture Global also announced that Jim Strohman has joined the company as Senior Vice President and the Project Director for the Calcasieu Pass LNG facility. Strohman previously spent 17 years with Dominion Energy where he most recently served as the Project Director for Dominion’s Cove Point LNG project. At Dominion, he was responsible for the execution of the project from FEED finalisation and EPC selection through to commissioning and initial project operations.

Sabel and Pender added: “At Cove Point, Jim directed and delivered – safely, on time and within budget – the largest construction project to date for both Dominion and the state of Maryland, with a budget that exceeded US$4 billion, more than 10 000 craft workers and 20 million total work hours. His track record of execution is a very valuable addition to our team.”

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