Venture Global LNG

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LNG industry costs have been on a steady rise and have outpaced general oil and gas industry costs over the last decade. Historically, the rising capital costs for greenfield LNG projects have been passed through to the LNG buyers. Venture Global is addressing this challenge directly by achieving significant cost reductions and passing those savings on to customers while enhancing operational reliability and efficiency. With offices around the world, including Tokyo, London, Houston, Singapore and Washington D.C., Venture Global has a global presence so that we can best serve our customers. Our goal is to help our customers lower their portfolio average price by passing on our cost savings.

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3.6

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Energy & Utilities

ESG/Ethical Impact

We understand what it takes to ensure that our export facilities are environmentally sound and as safe as possible. Venture Global is committed to responsible environmental stewardship during all phases of its projects and will work to minimize impacts to the coastal ecosystem of Louisiana, co-existing with the local environment and our communities. Venture Global has completed the Federal Energy Regulatory Commission (FERC) and Department of Energy (DoE) approval processes at Calcasieu Pass and Plaquemines LNG and intends to meet or exceed all environmental laws and regulations from all federal and state regulatory agencies. The company’s employment of electrically-driven liquefaction technology, together with power generated through highly efficient combined cycle gas turbines, is designed to minimize overall emissions and make the project one of the cleanest LNG export facilities in the world. In addition, the project is completely air cooled (power, pre-treatment and liquefaction), rather than water cooled, and is using state of the art full containment storage tanks. Venture Global has announced plans for a carbon capture and sequestration (“CCS”) project be developed in connection with the Calcasieu Pass LNG facility and Plaquemines and CP2 projects. Having concluded a comprehensive engineering and geotechnical analysis, the company is launching, subject only to regulatory approvals, a shovel-ready carbon capture and sequestration (CCS) project, compressing CO2 at its sites and then transporting the CO2 and injecting it deep into subsurface saline aquifers where it will be permanently stored. Altogether, Venture Global plans to sequester 1 million tons of carbon per year, the equivalent of removing nearly 200,000 cars off the road each year for 20 years.

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Awards Received

2023

Revenues

$217,800,000.00

Website Traffic

Employee Rating

3.4

Customer Rating

3

Company Size

100-1000

ESG Risk Rating

3

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