Venture Global LNG and JERA Announce Departure of Inaugural Commisioning Cargo From Calcasieu Pass
TOKYO - 2 March 2022 - On 1 March 2022 (EST), Venture Global LNG and JERA Global Markets Pte. Ltd., a trading subsidiary of JERA Co., Inc., announced the successful loading and departure of the first cargo of liquefied natural gas (LNG) produced at the Calcasieu Pass LNG facility in Cameron, LA. The LNG was loaded on the Yiannis, chartered by JERA Global Markets. Calcasieu Pass now holds the global record for the fastest large-scale greenfield LNG facility to ever be built, moving from FID to LNG production in just 29 months. It is also one of the first greenfield LNG export projects to ever be constructed in the United States.
“Venture Global is honored to partner with JERA, one of the world’s largest buyers of LNG, on the inaugural commissioning cargo from Calcasieu Pass,” said Venture Global CEO Mike Sabel. “This historic and proud moment for our company represents the culmination of many years of relentless efforts by our team to innovate, design, construct and now deliver low-cost, clean LNG to our customers. Venture Global has successfully pioneered a new way of developing LNG projects that will result in the supply of low-cost, abundant, and affordable energy to people around the world, while also driving fuel switching from coal to natural gas. We want to thank our customers, financing partners, and state, local and federal stakeholders whose invaluable support helped get us to this moment.”
“We are delighted to receive the first cargo from the Calcasieu Pass LNG project, which has great significance for easing the supply-demand balance of LNG amid the tight global market situation,” said JERA Global Markets CEO Kazunori Kasai. “Based on a supply agreement with Venture Global Calcasieu Pass, LLC., JERA Global Markets is pleased to support Venture Global and receive LNG cargos from this innovative project, which provides the industry with an exciting new model for LNG liquefaction.”
About Venture Global LNG
Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.
About JERA Global Markets
JERA Global Markets (JERAGM) is a leading utility-backed energy trader specialising in LNG, Coal and Freight with a platform to trade across all key markets (North America, Europe, Middle East, Africa and Asia). JERAGM is a joint venture between majority shareholder JERA Co., Inc. (JERA) and EDF Trading.
JERA is one of the world’s largest buyers of LNG and supplier of 30% of the electricity in Japan. Looking toward 2025, JERA focuses primarily on energy solutions in two areas: large-scale renewable energy centered on offshore wind power generation and LNG value chains. To further drive existing initiatives and clarify its long-term vision, JERA established its "JERA Zero CO2 Emissions 2050" objective in October 2020 based on the development of renewable energy and zero-emission thermal power generation using ammonia and hydrogen. Further information may be found at www.jera.co.jp/english
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