US LNG exporter Venture Global LNG has signed a sales and purchase deal with a newly formed joint venture of Greek companies Aktor and DEPA. This deal marks Greece’s first-ever long-term LNG supply agreement with a US exporter.
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US LNG exporter Venture Global expects resolution of the next arbitration case over LNG sales from its Calcasieu Pass plant in Louisiana by the end of this year, according to CEO Mike Sabel.
US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.
Greece’s DEPA has delivered its first LNG cargo to Bulgaria’s state-owned gas system operator Bulgartransgaz, a unit of Bulgarian Energy Holding, via the Gastrade-operated FSRU-based terminal in Alexandroupolis.