exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said. Venture Global said it would provide updates in the future on the timing of the repairs and start of commercial operations. Venture Global has already started early site work on the 8.5 billion Plaquemines project, which analysts expect to start producing first LNG in 2024. 1 day ago &0183 &32 LONDON, July 12 (Reuters) - Top LNG traders Shell and BP have separately filed for arbitration against U.S.
Venture Global asked the supplier, General Electric Co, "to investigate the cause of the leaks" and noted the "units will require extensive repairs and replacements before the power island can function reliably." In deals disclosed on Wednesday, Chevron agreed to buy 2 million tonnes per annum (mtpa) of LNG each from units of Cheniere Energy Inc (LNG.A) and Venture Global LNG. The company said employees "observed water loss from HRSG units 2 and 3" due to "leaks in the welds between the upper carbon steel header and finned tubes of the HRSG units."
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Venture Global said Calcasieu had "failures in the five horizontal heat recovery steam generator (HRSGs) units that facilitate combined-cycle power generation." LNG export plants can turn about 13.8 bcfd of gas into LNG. That would top the monthly record of 12.9 bcfd in March 2022, before Freeport LNG shut. LNG export plants rose to an average of 13.2 bcfd so far in March, up from 12.8 bcfd in February.
Freeport LNG exited that outage in February and returned to near full power this week.
TREATMENT OF SHARES OF THE GROUPS PROJECT COMPANY OWNED BY JAPANESE. Venture Global has been working on the 1.6-billion cubic feet per day (bcfd) Calcasieu for months and gas flows have averaged about 1.6 bcfd so far this year and 1.4 bcfd so far in March.įreeport LNG, meanwhile, shut its 2.1-bcfd export plant in Texas for eight months after a fire in June 2022. EFFECTS OF FLUCTUATIONS IN CRUDE OIL PRICES, NATURAL GAS PRICES, FOREIGN EXCHANGE.
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