Venture Global says its planned power buildout could serve liquefied natural gas (LNG) operations and future computing demand; it expects to place the first power-island purchase order by year-end.
Venture Global LNG, Inc., a direct wholly owned subsidiary of Venture Global, signed the agreement Oct. 9 with GE Vernova Operations LLC and Baker Hughes Energy Services LLC. The framework covers as many as 16 on-site power islands, each rated at 720 megawatts and using combined-cycle gas turbines, according to the company’s Oct. 15 filing with the U.S. Securities and Exchange Commission.
A separate agreement with GE Grid Solutions, LLC covers transformer and gas-insulated-switchgear packages for up to 21 island projects. Venture Global estimates aggregate payments under both agreements at about $17.2 billion if it proceeds with every purchase order. The estimate includes applicable reservation fees and is subject to adjustment.
The company has already reserved manufacturing capacity for eight of the 15 islands left after the anticipated first order. The filing says the reservation fees and capacity commitment are binding. Beyond those terms, neither party has an obligation to buy or supply additional islands until it enters further reservation agreements or purchase orders.
Venture Global said its planned expansion could bring computing capacity to as much as 10 gigawatts by 2034, contingent on customer commitments, demand and other commercial conditions. That figure refers to computing capacity rather than electricity generation. The company’s six existing islands are operating or in the construction and order pipeline, representing about 4.5 gigawatts of generation capacity.
Venture Global says the projects would not require additional electricity from public utilities or water from public water systems, and would not increase costs for local consumers. The filing anticipates grid-equipment purchase orders beginning in late 2026; the company expects orders for the eight reserved islands to start in early 2027.
