Venture Global pens Plaquemines LNG supply deal with Shell

US player Venture Global LNG said it would supply liquefied natural gas to a unit of energy giant Shell from its planned Plaquemines LNG project as part of a new long-term deal revealed on Monday.

Under the deal, Shell NA LNG would buy two million tonnes per annum of LNG from Venture Global’s Plaquemines facility in Louisiana.

Also, this new contract builds on Shell’s existing contract for 2 mtpa from the Calcasieu Pass LNG export terminal, bringing Shell’s total long-term offtake from Venture Global’s facilities to 4 mtpa.

Calcasieu Pass recently shipped the first commissioning cargo. Once completed, Calcasieu Pass will produce about 10 mtpa of LNG from 18 modular units configured in 9 blocks. The plant is the seventh large LNG export facility in the US.

Launch in 2024

Venture Global said that Plaquemines LNG would start production in 2024 but the company has not yet announced a final investment decision on the development. 

KBR and Zachry will build the first phase of the project that includes a capacity of 10 mtpa while the full project would have 20 mtpa capacity, four tanks, and three jetties.

Chart Industries recently said it had received full notice to proceed for the production of cold boxes and brazed aluminum heat exchangers for the first phase of the project.

Plaquemines LNG has binding 20-year offtake agreements with Poland’s PGNiG for 4 mtpa and France’s EDF for 1 mtpa capacity. The project also signed deals with China’s CNOOC for 2 mtpa and with Sinopec for 4 mtpa.

“Venture Global is honored that Shell, our first foundational customer at Calcasieu Pass, has chosen to expand its existing cooperation with our company with a second partnership at Plaquemines,” said Venture Global CEO Mike Sabel.

“We look forward to working with Shell for many years to bring low-cost, clean American LNG to the markets that need it most,” he said.

Most Popular

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.

VTTI, Hoegh Evi launch permitting process for Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, and Norwegian FSRU player Hoegh Evi have officially launched the permitting process for their FSRU-based facility in the Netherlands.

More News Like This

Peru LNG terminal shipped three cargoes in April

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped three liquefied natural gas cargoes in April due to restrictions on the transportation system, according to operator Hunt Oil.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

Shell’s Q1 profit reaches $5.58 billion, LNG sales drop

LNG giant Shell reported a drop in adjusted earnings in the first quarter of 2025, while its LNG sales also decreased compared to the same quarter in 2024.

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.