Venture Global LNG Signs SPA with Portugese-based Galp
Posted on May 9, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global LNG Signs SPA with Portugese-based Galp
Venture Global LNG has announced that its subsidiary, Venture Global Calcasieu Pass, LLC, and Portugese energy company Galp, have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum of LNG from the proposed Venture Global Calcasieu Pass LNG export facility in Cameron Parish, La. Under the agreement, Galp will purchase the LNG on a free on board basis (FOB) for a 20-year term starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022 upon Final Investment Decision (FID) and the satisfaction of other customary conditions precedent.