WASHINGTON, Feb. 21, 2017 /PRNewswire/ -- Venture Global LNG,
Inc. has selected GE Oil & Gas as a strategic partner to
provide a plant-wide technology solution for its liquefied natural
gas (LNG) export facilities under development in Louisiana. Under the agreement, GE Oil
& Gas will leverage advanced technologies from across the
broader GE portfolio to deliver a comprehensive power, pretreatment
and LNG liquefaction system. The agreement provides for the
delivery of a complete LNG process system with defined schedule,
price and performance standards – all backed by GE, a recognized
technology leader in the LNG industry.
Mike Sabel and Bob Pender, Venture Global LNG, Inc. co-CEOs,
jointly announced, "This transaction is an LNG industry
precedent-setting event. It will materially reduce project
costs and risks and accelerate dramatically construction schedules.
GE Oil & Gas is committed to this market and their product
suite. This, combined with their proven excellence in assembly,
fabrication and service solutions, aligns with our low-cost
strategy. GE Oil & Gas is a world-class company and an
excellent partner who shares our vision for the future of baseload
plants built with highly efficient, mid-scale liquefaction
blocks."
Rod Christie, CEO of GE Oil &
Gas Turbomachinery, said: "Our advanced technologies and
outcome-based service agreement are an ideal fit for Venture Global
LNG, Inc.'s low-cost strategy. As a recognized technology
leader in the LNG industry, we share Venture Global LNG, Inc.'s
desire to innovate technically and operationally to deliver the LNG
facilities of the future. Our track record in the LNG space
positions us well as a partner that will deliver this comprehensive
mid-scale solution, which incorporates a GE LNG process system,
compression, electric motors, power generation, pre-treatment and
electrical distribution. In addition to our technology and
services, we are pleased to provide capital to invest in and help
expedite the project."
Venture Global LNG is a U.S. based LNG export company that is
developing both the 10 MTPA Venture Global Calcasieu Pass facility
on an approximately 1,000-acre site located at the intersection of
the Calcasieu Ship Channel and the Gulf
of Mexico, and the 20 MTPA Venture Global Plaquemines LNG
facility in Plaquemines Parish,
Louisiana on an approximately 630-acre site at river mile
marker 55 on the Mississippi River, which is approximately 30 miles
south of New Orleans,
Louisiana.
About Venture Global LNG.
Venture Global LNG plans to
be a long-term, low-cost producer of LNG, capitalizing on low-cost
natural gas production in the U.S. Venture Global LNG's strategy
uniquely utilizes a highly efficient, mid-scale LNG liquefaction
technology. More can be found at www.venturegloballng.com.
About GE Oil & Gas:
GE Oil & Gas is inventing the next industrial era in the oil
and gas sector. In our labs and factories, and in the field, we
constantly push the boundaries of technology to solve today's
toughest operational & commercial challenges. We have the
skills, knowledge and technical expertise to bring together the
physical and digital worlds to fuel the future. Follow GE Oil &
Gas on Twitter @GE_OilandGas or visit us at www.geoilandgas.com
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SOURCE Venture Global LNG, Inc.