Edison in 20-year deal to buy US LNG from Venture Global

Edison in 20-year deal to buy US LNG from Venture Global
Image courtesy of Venture Global

Edison, the Italian energy group owned by France’s EDF, signed a long-term deal to buy 1 million tons per year of liquefied natural gas (LNG) from Venture Global’s Calcasieu Pass facility in Louisiana.

Under the deal, Edison will purchase LNG on a free-on-board basis for a period of 20 years starting from the commercial operation date of the Calcasieu Pass facility, the duo said in a joint statement.

The LNG export facility is expected to start operations in 2021.

“This agreement will contribute to Edison’s gas supply portfolio competitiveness and diversification, further enhancing Edison’s ability to meet the group’s customers’ requirements,” the statement said.

The Calcasieu Pass facility, located at the intersection of the Calcasieu ship channel and the Gulf of Mexico, will consist of nine 1.2 million ton liquefaction units and two 200,000-cbm LNG storage tanks, according to Venture Global’s website.

The US company is also developing a second project in Lousiana, in Plaquemines Parish.

Combined, these two projects are expected to have about 30 million tons of LNG production capacity.

Share this article

Follow LNG World News

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC Japan LNG & Gas Summit

The inaugural CWC Japan LNG & Gas Summit, with participation and support from METI, JERA, Tokyo Gas and IEEJ, is the dedicated platform for international suppliers…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >