by James A. Bacon
An Arlington-based company that most Virginians have never heard of could well alter the global energy balance of power — if the Biden administration doesn’t get in the way.
In 2023 and 2024 alone Venture Global LNG., Inc., has announced long-term deals to supply 3 million tons of LNG to the United Kingdom (equivalent to about 5% of the U.K.’s demand), 2.25 million tons to Germany, and 1 million tons per year to Japan from its LNG facilities in Louisiana. In March the company announced that it was ordering six giant LNG vessels from shipyards in Korea to transport the hydrocarbons.
Now it appears that Venture Global, whose corporate headquarters is in Rosslyn, has struck a deal with DTEK, Ukraine’s largest private energy company, according to the Wall Street Journal. DTEK would buy up to 2 million tons yearly of LNG from a proposed export facility in Plaquemines Parish — CP2 — to resell in Ukraine and Eastern Europe. The deal would reduce dependence of the eastern European nations from Russian gas supplied through a pipeline through Ukraine, the transit agreement for which expires at the end of the year.
But a Biden moratorium on LNG exports, ordered at the behest of environmental groups, could scuttle the deal.











by Dick Hall-Sizemore
