The U.S. Federal Energy Regulatory Commission (FERC) has granted Venture Global an extension to continue the commissioning phase of its Plaquemines liquefied natural gas (LNG) plant in Louisiana, according to a regulatory filing.
This decision allows the company to delay full commercial operations and sell LNG on the spot market at potentially higher prices.
Venture Global had initially set a deadline of 30 September 2026 for the LNG facility to begin full operations.
However, the company requested an extension until 31 December 2027, citing challenges that arose during the Covid-19 pandemic.
The company plans to have phase-one facilities operational by the fourth quarter of 2026 and phase two by mid-2027.
More on this story at Yahoo.
