Venture Global and Shell NA LNG Double Purchase Agreement Volume
Posted on Mar 8, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global and Shell NA LNG Double Purchase Agreement Volume
Venture Global LNG announced that Venture Global Calcasieu Pass, LLC (Venture Global Calcasieu Pass), its subsidiary, has agreed with Shell NA LNG LLC (Shell) to double the volume under their existing sales and purchase agreement to two million tonnes per annum (MTPA) of LNG from Venture Global Calcasieu Pass’s LNG export facility under development in Cameron Parish, La. The press release states that “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.”