Venture Global, Shell increase Calcasieu Pass LNG supply deal

Venture Global, Shell increase Calcasieu Pass LNG supply deal
Image Courtesy of Venture Global

Venture Global LNG and Shell have agreed to alter their existing sales and purchase agreement for the delivery of liquefied natural gas from the Calcasieu Pass export plant under development in Cameron Parish, Louisiana.

Under the new agreement, Shell will now purchase 2 million tonnes per annum of LNG from the export facility, Venture Global said in its statement on Tuesday.

The deal with SHell, together with an SPA previously executed by Venture Global with Edison, brings the total committed capacity under binding, twenty-year FOB contracts to 3 mtpa.

Commenting on the additional volumes agreed with Shell, Mike Sabel and Bob Pender, co-CEOs of Venture Global LNG, said, “Shell’s additional purchase is a huge milestone,” dubbing it a breakout event driving the project towards starting construction later in the year.

Venture Global LNG is developing both the 10 mtpa Venture Global Calcasieu Pass facility 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, approximately 30 miles south of New Orleans, Louisiana.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 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 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >