Calcasieu Pass adds to US LNG second wave

Venture Global takes the third Gulf Coast export FID of the year, even as questions over pricing grow

US LNG developer Venture Global sanctioned the final investment decision (FID) on its 10mn t/yr Calcasieu Pass LNG terminal in August, the third project to get greenlighted this year. And the Federal Energy Regulatory Commission (Ferc) has two other Gulf Coast projects with the status "under construction"—one that took FID in 2018 and one expected to do so imminently. Calcasieu Pass joins Golden Pass LNG and Sabine Pass LNG Train 6 in the 2019 FID club. US LNG marketer Cheniere took FID on Corpus Christi Train 3 in May 2018, while Tellurian, a new entrant, is due to take FID on its 27.6mn t/yr Driftwood LNG project later this year. The five "under construction" projects add up to a hefty 63.