Venture Global to export LNG to ExxonMobil affiliate from Louisiana plants

(Courtesy Venture Global)

Venture Global LNG has announced the execution of two new long-term sales and purchase agreements with ExxonMobil LNG Asia Pacific for the sale of 2 million tons per year of LNG, reports LNG Industry.

Under the agreements, the ExxonMobil affiliate will purchase 1 million TPY from the Plaquemines LNG facility and 1 million TPY from the CP2 LNG facility, both in Louisiana. This is the second supply agreement for CP2, which is expected to commence construction in 2023.

Both facilities will replicate the same successful innovative design seen in operation today at Calcasieu Pass, where speed of execution resulted in the production of the first LNG only 29 months after Final Investment Decision (FID). See the entire story.