Venture Global LNG Enters 20-year Supply Deal with Électricité de France
2/25/2020
(Reuters) — Venture Global LNG Inc said on Tuesday it has entered a 20 year agreement with Électricité de France S.A. (EDF) to supply one million tonnes per annum (MTPA) of liquefied natural gas from its Plaquemines LNG facility in Louisiana.
EDF will buy the super chilled fuel from the Plaquemines facility, effective its commercial operation date.
Venture Global is expected to make a final investment decision on the facility early in 2020 and has targeted start up in late 2022.
Plaquemines had previously sold 2.5 MTPA of LNG under a 20-year agreement to Polish Oil and Gas Co.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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