Venture Global LNG has signed an equipment deal with Baker Hughes that should boost the collective production of its liquefied natural gas export terminals to the largest annual LNG output by a single U.S. company.
Venture Global’s four planned export terminals are expected to produce 70M metric tons of LNG annually once built along the Gulf coast. One of those terminals is open; one under construction and two others in the planning stages.
In the latest deal, Baker Hughes will supply Venture Global with enough liquefaction equipment to boost that production total to 100M tons a year. The equipment will include additional power generating systems and liquefaction trains, used to supercool natural gas into liquid for overseas shipping.
If the plans succeed, Venture Global's collective annual output would be the largest in the nation, according to U.S. Energy Information Administration data. Companies' officials say 100M tons is about 25% of current global LNG supply.
The announcement hinted that the 100M output may not be limited to Louisiana. Venture Global officials said the contract would apply to its “future LNG export projects.” CEO Mike Sabel hailed the deal as a “long-term plan to expand LNG production both in and outside of Louisiana.” (NOLA.com 09/05/23)
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