Venture global lng jobs11/18/2023 ![]() Michael Sabel, CEO, Executive Co-Chairman and Founder - Venture Global LNG Under the leadership of Governor John Bel Edwards, Louisiana is enhancing its status as an international hub for innovation to tackle the energy and climate challenges of our time.” We are proud to partner with Louisiana in these efforts and in developing carbon capture and sequestration for our facilities. “Venture Global is on a mission to produce the cleanest low-cost LNG in North America. Having worked closely with the state on past projects, available incentive programs and feasible certified sites were just a few reasons the company continues to do business in Louisiana. The direct jobs created by the company will earn an average annual salary of $122,400, plus benefits.įor Venture Global, selecting the location for its next LNG facility came as an easy decision. With this latest project, it is estimated Venture Global will put more than $2 billion directly into the local economy of Cameron Parish through taxes and job creation over a 10-year span. By becoming an early adopter of this nuanced approach, Louisiana has remained firmly established as a Top 10 oil and Top 5 natural gas producer while establishing itself as a leader in the global transition to clean energy. ![]() The result has been rapid expansion and diversification, as illustrated by the Venture Global deal: a long-term investment that meets global demand for LNG while also incorporating carbon capture and sequestration technology that reduces greenhouse gas emissions and contributes to the state’s decarbonization of industry. The strategy balances continuing state support for legacy energy investments with an aggressive pursuit of clean energy and emissions-reduction projects. ![]() John Bel Edwards has adopted an “all-of-the-above” approach to energy sector development. Once defined narrowly as an “oil and gas state,” Louisiana under Gov. The CP2 LNG project is actively selling contracts and on pace to begin operations in 2027. The company announced in later 2021 that it will invest more than $10 billion in a second LNG facility in Cameron Parish, named CP2, that will employ carbon capture and sequestration technology (CCS) in an effort to reduce carbon emissions. It was described by the company at the time as the “largest project financing transaction in the world to close in 2022.” First LNG is expected in 2024. When the final investment decision was announced in May 2022, the original $8.4 capital investment projection had increased to $13.2 billion (+47%). VG announced in 2016 it would build a second Louisiana LNG facility in Plaquemines Parish. CP1 shipped its first LNG export in March and expects to be operating at full capacity in 2023. The company has invested more than $30 billion and created more than 500 direct jobs in Louisiana since it unveiled its $4.25 billion plan for the first Cameron Parish LNG project eight years ago. ![]() ![]() Headquartered in Arlington, Virginia, Venture Global LNG is a worldwide provider of U.S. Louisiana continues to establish itself as a leader in the energy transition and the energy industry as a whole, as evidenced by three recent multi-billion dollar investments from Venture Global LNG. Subsequent vessels supplied LNG to Europe during a critical supply crunch. The Greek-flagged carrier Yiannis loaded the first LNG cargo from the Venture Global Calcasieu Pass export facility in March 2022. ![]()
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