- U.S. LNG export project developer Venture Global and German energy company EnBW have signed two long-term sales and purchase agreements for 1.5 million tonnes per annum (mtpa) of LNG.
- The LNG will come from Venture Global's Plaquemines and CP2 facilities, starting in 2026.
- According to the agreement, EnBW will purchase 0.75 mtpa from Plaquemines LNG and 0.75 mtpa from CP2 LNG for 20 years.
- EnBW has become the next European customer of Venture Global, which has already announced agreements with PGNiG, BP plc (NYSE: BP), Shell plc (NYSE: SHEL), Repsol (OTC: REPYF), Edison International (NYSE: EIX), and GALP (OTC: GLPEF).
- Venture Global's first facility Calcasieu Pass started producing LNG in January 2022.
- The company is also developing an additional 60 mtpa of production capacity in Louisiana. In addition, it is developing carbon capture and sequestration projects at each of its LNG facilities.
- Wall Street Journal reports that last week, Russia cut supplies to Europe as it faced economic sanctions from Western nations.
- The report added that Germany would restart coal-burning power plants and offer incentives for companies to reduce gas consumption as it seeks to build up gas inventories ahead of winter.
- Photo via Wikimedia Commons
Venture Global, EnBW Ink LNG Sales And Purchase Deals
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