Venture Global LNG inks supply deal with Galp

Venture Global LNG inks supply deal with Galp
Image courtesy of Venture Global LNG

Venture Global LNG signed a sales and purchase deal with the Portuguese energy player, Galp, for the delivery of LNG from the Calcasieu Pass export facility, currently under development in Cameron Parish, Louisiana.

Under the agreement, Galp would lift 1 million tons of LNG per year from the project on a free on board basis (FOB), for a 20-year period, Venture Global said in a statement.

The contract term starts from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022 upon final investment decision (FID).

Mike Sabel and Bob Pender, co-CEOs of Venture Global LNG, jointly said the contract execution follows the recent 20-year sales agreements with Shell NA LNG and Edison, now totaling 4 mtpa.

Venture Global LNG is developing both the 10 mtpa Venture Global Calcasieu Pass facility located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico and the 20 mtpa Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana, on the Mississippi River, 30 miles south of New Orleans.

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 29 30 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 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >