The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). (( +1 3 Reuters Messaging: trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). (Reporting by Scott DiSavino Editing by Chizu Nomiyama and Marguerita Choy) Venture Global has about 70 MTPA of LNG export capacity in operation, construction or development in Louisiana, including the 10-MTPA Calcasieu Pass (operation), 20-MTPA Plaquemines (construction), 20-MTPA Delta (development) and 20-MTPA CP2 (development). Venture Global said Plaquemines LNG phase two customers include units of Exxon Mobil XOM.N, Chevron CVX.N, EnBW Energie Baden Wuerttemberg EBKG.DE, New Fortress Energy NFE.O, PETRONAS, China Gas Holdings 0384.HK and Excelerate Energy EE.N. KZJV is a joint venture between Zachry Group and KBR Inc KBR.N. Venture Global said it issued full to KZJV to continue construction of phase 2, making it the first U.S. 's export plant in Texas helped drive gas prices to record highs in Europe TRNLTTFMc1 and Asia JKMc1 during the summer 2022.Īnalysts have said the first phase at Plaquemines could start producing LNG in 2024, and the second in 2025. The combination of those sanctions and the shutdown of LNG increased after several countries around the world slowed purchases of Russian energy and imposed sanctions on Moscow after its invasion of Ukraine in February 2022. “Venture Global is proud to announce a positive FID for phase two of Plaquemines LNG, less than 10 months after sanctioning phase one,” Venture Global Chief Executive Mike Sabel said in a press release.ĭemand for U.S. Venture Global said that completes about $21 billion in total for Plaquemines, the largest project financing ever done in the space, to build the terminal that would produce about 20 million tonnes per annum (MTPA) of LNG. Phase two's final investment decision (FID) comes after the first phase was sanctioned in May. liquefied gas (LNG) company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing. Venture Global expects to commence construction in late 2019 with full commercial operations anticipated in 2023.UPDATE 2-Venture Global LNG to go ahead with phase 2 of Plaquemines, La., export plant natural gas transmission grid consists of two parallel 42-inch pipelines, a 15-mile-long Southwest Lateral Tennessee Gas Pipeline LLC Pipeline and a 12-mile long Southwest Lateral Texas Eastern Transmission LP. The proposed Gator Express pipeline project that will connect the LNG terminal to the existing U.S. The terminal is designed to have an export capacity of 20 million metric tonnes per year. The project includes six pretreatment facilities, a liquefaction plant with 18 blocks to be constructed in two phases, and four 200,000-cubic-meter above-ground LNG storage tanks. The Plaquemines terminal consists of liquefaction and LNG distribution facilities on a site leased by Venture Global on the Mississippi River. The Federal Energy Regulatory Commission found that the construction of Venture Global LNG Inc.’s Plaquemines LNG, a natural gas liquefaction and export terminal in Louisiana, and the associated pipeline projects would result in some adverse environmental impacts, which would be reduced to less-than-significant levels, according to a May 3 notice.
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