Venture Global signs LNG sale deals from US assets

USA

ARLINGTON, March 17, 2022 – Venture Global LNG has signed two sales and purchase agreements with US LNG player New Fortress Energy linked to the former’s Louisiana assets, the US LNG exporter announced today.

The 20-year contracts detail the sale of 1 million tonnes per year of LNG from the up-and-coming Plaquemines LNG and CP2 LNG export facilities each.

Construction of the CP2 LNG facility is expected to begin in 2023. The project is adjacent to the company’s Calcasieu Pass LNG export facility.

Construction of the Plaquemines LNG project began in August 2021. The company has already sold 14 million tonnes per year of the facility’s 20-million-tonnes-per-year capacity.

Venture Global LNG previously awarded Baker Hughes a contract for provision of an LNG system for the Plaquemines LNG development.

With these agreements, Venture Global LNG has executed 80% of 20-year contracts signed by US LNG companies since 2017.

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