{"id":837546,"date":"2025-04-15T10:33:01","date_gmt":"2025-04-15T14:33:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/"},"modified":"2025-04-15T10:33:01","modified_gmt":"2025-04-15T14:33:01","slug":"venture-global-commences-commercial-operations-at-calcasieu-pass","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/","title":{"rendered":"Venture Global Commences Commercial Operations at Calcasieu Pass"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Venture Global Commences Commercial Operations at Calcasieu Pass<\/b><\/p>\n<p>ARLINGTON, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday, Venture Global announced the commercial operation date for its inaugural LNG export project \u2013 Calcasieu Pass \u2013 and the commencement of the sale of low-cost, U.S. LNG to the project\u2019s long-term customers. Calcasieu Pass has reached this milestone in just 68 months from the final investment decision on the project, making it among the fastest greenfield LNG projects completed. The project\u2019s multi-billion-dollar contracts will have a significant positive impact on the US balance of trade with several European allies.\n<\/p>\n<p>\nDue to its innovative, first-of-its kind configuration consisting of many mid-scale, modular liquefaction trains and process facilities that are delivered and installed sequentially, as well as Venture Global\u2019s owner-led approach to construction, the project was able to overcome significant unforeseen challenges, including a global pandemic, two hurricanes, and a force majeure event that arose due to major manufacturing issues with the facility\u2019s power island. Having completed a multi-year rectification and remediation of key components of the facility that underpin the redundancy features inherent in the project\u2019s design, Calcasieu Pass is now ready to operate safely and reliably.\n<\/p>\n<p>\n\u201cI am incredibly proud of our team who have worked relentlessly and diligently to successfully construct and commission our first LNG project,\u201d said Venture Global CEO Mike Sabel. \u201cWe are excited to reach this milestone and are grateful for our regulators and supply chain partners who have worked with our team to reach commercial operations as efficiently and safely as possible.\u201d\n<\/p>\n<p>\nNotwithstanding the construction progress that we have achieved, the Calcasieu Pass project has maintained an exemplary safety record, outperforming the industry average Total Recordable Incident Rate, which represents US Bureau of Labor Statistics Heavy Construction Industry recordable incidents per one hundred workers per year, by a considerable margin.\n<\/p>\n<p>\nThe long-term sales and purchase agreements at Calcasieu Pass are among the most attractive price points for customers in the world, with average liquefaction fees under $2\/mmbtu. Its long-term customers will benefit from low-cost North American LNG for the full duration of their 20-year contracts.\n<\/p>\n<p><b>About Venture Global<\/b><\/p>\n<p>\nVenture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global\u2019s business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. Venture Global\u2019s first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company\u2019s second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.\n<\/p>\n<p><strong>Forward-looking Statements<\/strong><\/p>\n<p>\nThis press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). All statements, other than statements of historical facts, included herein are \u201cforward-looking statements.\u201d In some cases, forward-looking statements can be identified by terminology such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cpursue,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d the negative of such terms or other comparable terminology.\n<\/p>\n<p>\nThese forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include statements about our future performance, our contracts, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include significant operational risks related to our natural gas liquefaction and export projects, the risk that the natural gas liquefaction system and mid-scale design we utilize at our projects will not achieve the level of performance or other benefits that we anticipate, the potential risk that our customers or we may terminate our SPAs if certain conditions are not met or for other reasons, the uncertainty regarding the future of international trade agreements and the United States\u2019 position on international trade, including the effects of tariffs, and potential effects of existing and future environmental and similar laws and governmental regulations on compliance costs, operating and\/or construction costs and restrictions. Those factors are more fully detailed in our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission (\u201cSEC\u201d) and any subsequent reports filed with the SEC.\n<\/p>\n<p>\nAny forward-looking statements contained herein speak only as of the date of this press release, and are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as may be required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250415810488r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250415810488\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250415810488\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Michael Pasquarello<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@ventureglobalLNG.com\">IR@ventureglobalLNG.com<\/a><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Shaylyn Hynes<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@ventureglobalLNG.com\">press@ventureglobalLNG.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250415810488\/en\/2439349\/3\/logo_blue_red_sans_LNG%5B25%5D%5B65%5D.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Venture Global Commences Commercial Operations at Calcasieu Pass ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; Today, Venture Global announced the commercial operation date for its inaugural LNG export project \u2013 Calcasieu Pass \u2013 and the commencement of the sale of low-cost, U.S. LNG to the project\u2019s long-term customers. Calcasieu Pass has reached this milestone in just 68 months from the final investment decision on the project, making it among the fastest greenfield LNG projects completed. The project\u2019s multi-billion-dollar contracts will have a significant positive impact on the US balance of trade with several European allies. Due to its innovative, first-of-its kind configuration consisting of many mid-scale, modular liquefaction trains and process facilities that are delivered and installed sequentially, as well as Venture Global\u2019s owner-led &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Venture Global Commences Commercial Operations at Calcasieu Pass&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837546","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Venture Global Commences Commercial Operations at Calcasieu Pass - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture Global Commences Commercial Operations at Calcasieu Pass - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Venture Global Commences Commercial Operations at Calcasieu Pass ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; Today, Venture Global announced the commercial operation date for its inaugural LNG export project \u2013 Calcasieu Pass \u2013 and the commencement of the sale of low-cost, U.S. LNG to the project\u2019s long-term customers. Calcasieu Pass has reached this milestone in just 68 months from the final investment decision on the project, making it among the fastest greenfield LNG projects completed. The project\u2019s multi-billion-dollar contracts will have a significant positive impact on the US balance of trade with several European allies. Due to its innovative, first-of-its kind configuration consisting of many mid-scale, modular liquefaction trains and process facilities that are delivered and installed sequentially, as well as Venture Global\u2019s owner-led &hellip; Continue reading &quot;Venture Global Commences Commercial Operations at Calcasieu Pass&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T14:33:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250415810488r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Venture Global Commences Commercial Operations at Calcasieu Pass\",\"datePublished\":\"2025-04-15T14:33:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/\"},\"wordCount\":881,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250415810488r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/venture-global-commences-commercial-operations-at-calcasieu-pass\\\/\",\"name\":\"Venture Global Commences Commercial Operations at Calcasieu Pass - 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Calcasieu Pass has reached this milestone in just 68 months from the final investment decision on the project, making it among the fastest greenfield LNG projects completed. The project\u2019s multi-billion-dollar contracts will have a significant positive impact on the US balance of trade with several European allies. Due to its innovative, first-of-its kind configuration consisting of many mid-scale, modular liquefaction trains and process facilities that are delivered and installed sequentially, as well as Venture Global\u2019s owner-led &hellip; Continue reading \"Venture Global Commences Commercial Operations at Calcasieu Pass\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-15T14:33:01+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250415810488r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Venture Global Commences Commercial Operations at Calcasieu Pass","datePublished":"2025-04-15T14:33:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/"},"wordCount":881,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250415810488r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/venture-global-commences-commercial-operations-at-calcasieu-pass\/","name":"Venture Global Commences Commercial Operations at Calcasieu Pass - 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