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.
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
