Venture Global LNG Announces Further Expansion Of Calcasieu Pass In Louisiana
WASHINGTON, June 2, 2015 /PRNewswire/ -- Venture Global LNG, Inc. is pleased to announce that its wholly owned subsidiary, Venture Global Calcasieu Pass, LLC, has entered into an exclusive agreement securing an additional 432 acres in connection with its proposed liquefied natural gas project in Cameron Parish, LA. This expansion will dramatically expand the available land for the project, now totaling 938 acres. Calcasieu Pass will support the long-term development of clean and reliable North American energy supplies.
"By nearly doubling the size of its land footprint, the Calcasieu Pass terminal and ancillary facilities have more flexibility in terms of access, buffer zone and construction laydown," said William M. Wicker, CEO of Venture Global LNG. "This expansion also accesses excellent ship berthing, parking and office facilities, as well as land for other activities that will support project development."
Venture Global is dedicated to being a good neighbor in Cameron Parish and is committed to protecting the environment during all phases of the Calcasieu Pass project and will protect the coastal ecosystem of southwestern Louisiana. At peak construction, the facility will employ approximately 1,500 workers and is expected to create approximately 130 long-term, direct jobs. It is projected to be operational in late 2019.
About Venture Global LNG
Venture Global LNG is currently developing Calcasieu Pass, a liquefaction and export facility in Cameron Parish, Louisiana, south of the city of Lake Charles. Pending regulatory approval, the project will serve LNG markets by exporting ten million metric tonnes per annum of LNG to customers throughout the world. Venture Global LNG plans to be a long-term, low-cost producer of LNG, capitalizing on low-cost natural gas production in the U.S. Venture Global LNG's strategy uniquely utilizes a highly efficient, mid-scale LNG liquefaction technology. Venture Global LNG intends to develop, own and operate additional LNG liquefaction and export facilities in the future. More can found at www.venturegloballng.com.
SOURCE Venture Global LNG, Inc.
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