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>

<< Dec 2018 >>
MTWTFSS
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 6

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >