Overview

• Venture Global has officially commenced LNG deliveries from its Calcasieu Pass export facility, marking the start of commercial operations.
• The project achieved commercial operation in just 68 months, making it one of the fastest greenfield LNG developments globally.
• Long-term contracts tied to the facility are expected to bolster the U.S. balance of trade with European allies through competitively priced LNG over 20-year agreements.
• European energy companies, including Shell, BP, Repsol, and Eni, are suing Venture Global over delays in fulfilling long-term contracts, citing losses from the company's spot market sales.
• Calcasieu Pass's modular design and owner-led construction approach enabled it to overcome challenges such as a global pandemic, hurricanes, and manufacturing setbacks.