Venture Global has unveiled expansion plans for its Plaquemines LNG facility in Louisiana, which the company says will make it the largest liquefied natural gas (LNG) export facility in North America, with a capacity of 45 million tonnes per annum.
The planned Plaquemines expansion will consist of 24 trains, representing an approximate $18bn of additional investment. This brings Venture Global’s total investment in its current and planned US projects to over $75bn.
Plaquemines LNG was initially built to produce around 27 million tonnes per annum of LNG, but Venture Global will now expand this capacity by over 18 million tonnes per annum.
The first LNG production was achieved at the facility in December 2024. It exported its first cargo in the same month.
President Trump approved the facility in his first term, and it is the newest LNG export facility to come online in the US.
Mike Sabel, CEO of Venture Global, said the expansion will help supply LNG to its allies while making a substantial impact on the US balance of trade.
“We believe this flexible incremental capacity will position us to respond rapidly to market growth signals. We are grateful for the Trump administration’s commitment to building out our nation’s critical energy infrastructure.”
Venture Global expects to reach a final investment decision on the expansion to follow the first LNG production at CP2, the second LNG export project developed by Venture Global LNG in Cameron Parish
The expansion was announced on the same day that Venture Global reported its fourth quarter and full-year 2024 financial results. For the full year 2024, revenues were $5bn, down from $7.9bn in 2023. Net income for the year was $1.5bn, a decrease from $2.7bn in the previous year.
