LNG Plant | GUPC

Chevron Wants to Weigh In on the Launch of Venture Global’s New LNG Plant

Oil & Gas‚ Oil and Gas Industry | intent | October 15, 2025 | Comment off

The argument worked in Shell’s arbitration case against Venture Global, where the court sided with the latter. It did not work with another arbitration case, brought against the U.S. LNG producer by BP, which is asking for over $1 billion in compensation. The total sought in damages from Venture Global by its long-term clients is over $4 billion. The company has warned that any unfavorable court ruling would lead to contract cancellations and faster repayment of loans taken out to build its LNG facilities, from the long-term buyers of the commodity.

Technip Energies wins €1 billion-plus EPC contract for US LNG plant

Oil & Gas‚ Oil and Gas Industry | intent | August 6, 2025 | Comment off

Technip Energies is a global engineering and technology company serving the energy industry. It specialises in LNG, hydrogen, sustainable chemistry and CO2 management, and has delivered over 20% of the world’s operating LNG capacity. The company also leads in modular and innovative project delivery models worldwide.

Mozambique Ready to Lift Force Majeure on LNG Plant

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

Meanwhile, one of the funders of the project, the UK government, was earlier this year reported to be looking for a way to get out of its investment commitment, in line with its net-zero policies. Earlier this week, the Financial Times reported that the UK Export Finance agency had commissioned a human right review for the project on allegations of abuse, made by Mozambican soldiers that were deployed to protect the facility.

Venture Global Pushes Regulators To Greenlight LNG Plant

Oil & Gas‚ Oil and Gas Industry | intent | May 15, 2025 | Comment off

The company previously said it plans to make the final investment decision on the new facility by mid-2025 but, its chief executive said, it needs the go-ahead from the regulator. FERC had earlier rescinded its approval for the project on the grounds of concern related to its impact on air quality in the area. The concern prompted a second environmental assessment, which the regulator completed last week, concluding there was no danger for air quality, after all.