Venture Global and Shell Agree to Increase LNG Purchase to Two MTPA

Energy Press Releases Wednesday March 7, 2018 09:53
WASHINGTON--7 Mar--PRNewswire/InfoQuest

Venture Global LNG, Inc. ("Venture Global LNG") is pleased to announce that its subsidiary, Venture Global Calcasieu Pass, LLC ("Venture Global Calcasieu Pass"), has agreed with Shell NA LNG LLC ("Shell") to increase their existing sales and purchase agreement ("SPA"), under which Shell will now purchase two (2) million tonnes per annum ("MTPA") of liquefied natural gas ("LNG") from Venture Global Calcasieu Pass's LNG export facility under development in Cameron Parish, Louisiana.

Shell's commitment, together with an SPA previously executed by Venture Global Calcasieu Pass with Edison S.p.A., brings the facility's total committed capacity under binding, twenty-year FOB contracts to three (3) MTPA.

Mike Sabel and Bob Pender, co-CEOs of Venture Global LNG, jointly announced that "Shell's additional purchase is a huge milestone, we believe a breakout event, and a significant validation of our best in class approach on our path to commencement of construction later this year. We are delighted that we continue to execute and achieve our development targets as we implement our strategy, alongside world-class partners, to become one of the lowest cost producers of LNG to the world's most important energy customers."

Venture Global LNG is developing both the 10 MTPA Venture Global Calcasieu Pass facility on an approximately 1,000-acre site 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 an approximately 630-acre site on the Mississippi River, approximately 30 miles south of New Orleans, Louisiana.

About Venture Global LNG

Venture Global LNG will be a long-term, low-cost producer of LNG to be supplied from resource rich North American natural gas basins. Venture Global LNG's liquefaction process system will employ a highly efficient and reliable suite of products supplied by Baker Hughes, a GE Company (BHGE). Venture Global is developing LNG export terminals at Calcasieu Pass and Plaquemines Parish, Louisiana, totaling 30 MTPA of capacity. More can be found at www.venturegloballng.com .


Latest Press Release

PTTEP wins bid for Bongkot and Erawan Ready to invest to ensure continuity in natural gas supply for the country

PTT Exploration and Production Public Company Limited (PTTEP) confirms its readiness to continue the operatorship in the Bongkot gas field and to become the operator in the Erawan field starting from 2022. The company will move forward with the field...

Siemens constructing a new Service center in Rayong to serve SGT 800 turbine users

Siemens Power Generation Services are continuing to bring the service closer to their customers in Thailand with the establishment of a new Service Center. Planned to be fully operated early next year, the new Siemens service center located in Rayong...

Global Cooperation Needed to Promote Green Energy Development, Says Chairman of GCL

Global cooperation is needed to promote the development of green energy and cope with the effects of climate change, said Zhu Gongshan, Chairman of GCL Group, a diversified energy conglomerate in China. Zhu made the remarks on Tuesday at a sideline event...

PT Rekayasa Industri (Rekind) Together with Joint Operation Awarded EPC Contract for The Balikpapan RDMP Project

PT Rekayasa Industri (Rekind), a subsidiary of PT Pupuk Indonesia (Persero)which provides EPCC (Engineering, Procurement, Construction, Commission) services, is again entrusted with the task of accomplishing the state's order through PT Pertamina...

China#s Seraphim to supply modules to Australia#s largest smart solar farm

Jiangsu Seraphim Solar System Co. Ltd. ("Seraphim"), a world-class solar product manufacturer in China, recently announced that it will supply state-of-the-art smart modules to a 9MW PV plant project in Australia. Located 95 km west of Moree, New South...

Related Topics