Venture Global LNG announces land agreement near Calcasieu Pass Project in Louisiana

WASHINGTON, D.C. – Venture Global LNG, Inc. is pleased to announce that its wholly owned subsidiary, Venture Global Calcasieu Pass, LLC, has entered into a binding agreement for an additional 59-acre parcel of land adjacent to its existing Calcasieu Pass Project site. The Calcasieu Pass Project, a liquefaction and export facility in Cameron Parish, Louisiana, filed with the U.S. Department of Energy for Free Trade Agreement (FTA) and non-FTA export authorization in 2013 and began the pre-filing approval process with the Federal Energy Regulatory Commission in 2014. The Calcasieu Pass Project will support the long-term development of clean and reliable North American energy supplies. “Expanding our land footprint is an important step forward for the Calcasieu Pass Project,” said William M. Wicker, CEO of Venture Global LNG. “Additional land will enable us to be more flexible in terms of design and project expansion.” On Dec. 23, 2014, Venture Global Calcasieu Pass entered into a binding letter agreement providing the subsidiary with the exclusive right to negotiate a lease option agreement for an additional 59-acre parcel of land adjacent to the northern border of the current 203.6-acre project site. With the 59 acres included, the Calcasieu Pass Project has approximately one mile of frontage on the Calcasieu Ship Channel. The Calcasieu Pass Project is committed to being a good neighbor in Cameron Parish. Venture Global is committed to protecting the environment during all phases of the Calcasieu Pass Project and will protect the coastal ecosystem of southwestern Louisiana. The Calcasieu Pass Project at peak construction will employ approximately 1,500 workers and is expected to create approximately 100 long-term, direct jobs. It is projected to be operational in late 2019.