Released November 10, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)
Venture Global is behind both the Calcasieu Pass and the Plaquemines facilities in Louisiana. Plaquemines is the larger of the two, with a feed gas capacity of 3.85 billion cubic feet per day (Bcf/d). Calcasieu Pass has a nameplate capacity of 1.76 Bcf/d, and both were operating above 90% capacity on Friday.
Subscribers to IIR Energy can view the latest NATGAS TODAY report for full details about gas markets in North America.
Through a deal with the newly formed Atlantic-See LNG, Venture Global said it secured a 20-year sales and purchase agreement for at least a half million metric tons per year, or about 24.3 million cubic feet, of LNG.
Though small in terms of volume, Venture Global said it builds on plans to invest in regasification capacity at the Alexandroupolis LNG import terminal in Greece.
"As a major point of entry for U.S. LNG into Central and Eastern Europe, this strategically important infrastructure and SPA agreement are key to strengthening the region's ability to diversify their energy mix and access a secure and reliable source of supply," said Mike Sabel, the company's chief executive officer.
Subscribers can learn more about the Greek regasification terminal--including capacities, investment values and necessary equipment--from a detailed unit report.
"European countries risk over-relying on one supplier if they commit to long-term U.S. LNG contracts," the report read. "The U.S. supplied more than half--57%--of Europe's LNG imports in the first half of 2025, as deliveries from the country reached a new high."
The U.S. is the largest LNG exporter in the world, serving as a buffer against the loss of Russian gas supplies due to sanctions imposed over its 2022 invasion of Ukraine. Before the war, Russia was among the main suppliers of natural gas to Europe, though IEEFA data show the U.S. is now the dominant supplier.
By the numbers
"Securing this order for the fifth train of the Rio Grande LNG project underscores the confidence in our proven technology and the dedication of our teams," Lorenzo Simonelli, the head of Baker Hughes, said Friday.
Train 5 has an expected production capacity of about 6 million metric tons per annum (MTPA), bringing the total expected LNG production capacity under construction at Rio Grande LNG to about 30 MTPA.
The facility is under construction, but it is not yet delivering LNG. The first two trains are about 30% completed, while Train 4 has yet to progress beyond engineering drawings. The company believes there is enough room at the 1,000-acre campus in Brownsville, Texas, for up to 10 liquefaction trains.
Subscribers can view a detailed list of project reports on the Rio Grande LNG facility and the plant profile.
Total U.S. feed gas has been running above federal expectations of 16 Bcf/d recently, though markets are approaching a glut. Beyond 2030, the International Energy Agency said investments could be curtailed by the over-supplied market.
Key takeaways
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Summary
Venture Global to supply Greece with LNG and invest in a regional regasification terminal. Baker Hughes, meanwhile, was tapped for infrastructure support at Rio Grande.Newly Formed Atlantic-See LNG Taps U.S. Supplies
U.S. liquified natural gas (LNG) developer Venture Global (Arlington, Virginia) said Friday it secured a deal to deliver the super-cooled gas to Greece under a 20-year arrangement.Venture Global is behind both the Calcasieu Pass and the Plaquemines facilities in Louisiana. Plaquemines is the larger of the two, with a feed gas capacity of 3.85 billion cubic feet per day (Bcf/d). Calcasieu Pass has a nameplate capacity of 1.76 Bcf/d, and both were operating above 90% capacity on Friday.
Subscribers to IIR Energy can view the latest NATGAS TODAY report for full details about gas markets in North America.
Through a deal with the newly formed Atlantic-See LNG, Venture Global said it secured a 20-year sales and purchase agreement for at least a half million metric tons per year, or about 24.3 million cubic feet, of LNG.
Though small in terms of volume, Venture Global said it builds on plans to invest in regasification capacity at the Alexandroupolis LNG import terminal in Greece.
"As a major point of entry for U.S. LNG into Central and Eastern Europe, this strategically important infrastructure and SPA agreement are key to strengthening the region's ability to diversify their energy mix and access a secure and reliable source of supply," said Mike Sabel, the company's chief executive officer.
Subscribers can learn more about the Greek regasification terminal--including capacities, investment values and necessary equipment--from a detailed unit report.
Are European Eggs Falling into One Basket?
The deal follows a report from the Institute for Energy Economics and Financial Analysis (IEEFA) that found the European economy is at risk of relying too heavily on U.S. supplies. Greece, the report found, sourced about 84% of its LNG supplies from the U.S. during the first half of the year."European countries risk over-relying on one supplier if they commit to long-term U.S. LNG contracts," the report read. "The U.S. supplied more than half--57%--of Europe's LNG imports in the first half of 2025, as deliveries from the country reached a new high."
The U.S. is the largest LNG exporter in the world, serving as a buffer against the loss of Russian gas supplies due to sanctions imposed over its 2022 invasion of Ukraine. Before the war, Russia was among the main suppliers of natural gas to Europe, though IEEFA data show the U.S. is now the dominant supplier.
By the numbers
- 20-year sales agreement for Greek LNG deliveries
- 57% of European LNG imports during the first half of 2025 sourced from U.S. suppliers
- 16 Bcf/d seems to be a low-end for U.S. feed gas as of late
Baker Hughes to Support Rio Grande Train 5
Elsewhere, services firm Baker Hughes (Houston, Texas) said it secured an award for unspecified terms to supply the equipment for the planned fifth liquefaction unit, or train, at the Rio Grande LNG facility, operated by NextDecade (Houston). Contracts for Baker Hughes now cover trains 4 through 8 at the facility."Securing this order for the fifth train of the Rio Grande LNG project underscores the confidence in our proven technology and the dedication of our teams," Lorenzo Simonelli, the head of Baker Hughes, said Friday.
Train 5 has an expected production capacity of about 6 million metric tons per annum (MTPA), bringing the total expected LNG production capacity under construction at Rio Grande LNG to about 30 MTPA.
The facility is under construction, but it is not yet delivering LNG. The first two trains are about 30% completed, while Train 4 has yet to progress beyond engineering drawings. The company believes there is enough room at the 1,000-acre campus in Brownsville, Texas, for up to 10 liquefaction trains.
Subscribers can view a detailed list of project reports on the Rio Grande LNG facility and the plant profile.
Total U.S. feed gas has been running above federal expectations of 16 Bcf/d recently, though markets are approaching a glut. Beyond 2030, the International Energy Agency said investments could be curtailed by the over-supplied market.
Key takeaways
- Venture Global supplying LNG cargos to Greece
- Investments expected for Greek regasification terminal
- Baker Hughes in the game with Rio Grande work
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
