Venture Global inks Plaquemines LNG supply deal with Petronas

US LNG firm Venture Global LNG has signed a long-term liquefied natural gas supply deal with a unit of Malaysian energy giant Petronas.

Under the sales and purchase agreement, Venture Global will supply about 1 mtpa to Petronas LNG from the Plaquemines project in Louisiana for a period of 20 years.

With this agreement, Venture Global has now announced 20-year sales for 16 mtpa of the 20 mtpa nameplate capacity at Plaquemines LNG, it said in a statement on Wednesday.

This deal comes just a day after the US firm revealed supply contracts with a unit of ExxonMobil for both Plaquemines LNG and the planned CP2 LNG facility.

Venture Global said in March it had planned to take formal FID on Plaquemines LNG “soon” and close project financing.

The firm aims to build the project in stages and the first phase of the project will have a capacity of 10 mtpa, while the full 20 mtpa development includes four tanks, and three jetties.

“This contract represents a significant expansion of our existing customer base in Asia and we particularly look forward to Petronas bringing our competitive, lower carbon energy into Southeast Asia, a region with rapidly growing gas demand,” Mike Sabel, CEO of Venture Global, said in the statement.

- Advertisements -

Most Popular

LNG tanker suffers rudder failure in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia suffered a malfunction of its rudder in the Suez Canal on Wednesday, but...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

RWE says Brunsbuettel FSRU to receive first LNG carrier in early February

The 170,000-cbm FSRU Hoegh Gannet, which serves the Elbehafen LNG import terminal in Germany's Brunsbuettel, will receive its first...

More News Like This

Baker Hughes booked almost $3.5 billion in LNG equipment orders last year

US energy services firm Baker Hughes has booked almost $3.5 billion in LNG equipment orders in 2022, its highest...

Japan’s JGC confirms Petronas FLNG gig

Japan’s LNG engineer JGC confirmed that it had won a contract with South Korea's Samsung Heavy to build the...

Malaysia’s Petronas hands out power plant contract for third FLNG

A unit of Malaysian energy giant Petronas has awarded a contract to compatriot engineering and energy solutions provider Kejuruteraan...

TT-Line, Avenir join forces for Malaysian LNG bunkering op

German ferry operator TT-Line and UK-based small-scale player Avenir LNG have joined forces for the first LNG ship-to-ship bunkering...