Venture Global LNG Announces Purchase Deal with Shell NA LNG
Posted on Feb 9, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global LNG Announces Purchase Deal with Shell NA LNG
Venture Global LNG, Inc. announced that its subsidiary, Venture Global Calcasieu Pass, LLC (Venture Global Calcasieu Pass), has entered into a 20-year sales and purchase agreement (SPA) with Shell NA LNG LLC (Shell), under which Shell has agreed to purchase one million tonnes per annum of LNG from Venture Global Calcasieu Pass’s proposed LNG export facility on the Calcasieu Ship Channel in Cameron Parish, La. According to the press release, Shell will purchase the LNG on a free on board basis (FOB) at a Henry Hub-linked purchase price plus a facility fee indexed to inflation.