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The filing dated July 21 shows that Venture Global Plaquemines LNG signed on June 24 a transaction confirmation pursuant to a previously-executed base contract, under which Plaquemines LNG will purchase natural gas on a long-term basis from Tenaska.
The deal is for three years.
Under the deal, Plaquemines LNG will buy 36,500,000 MMBtu per year, the filing shows.
Plaquemines LNG did not provide further details.
Last year, Plaquemines LNG signed a transaction confirmation pursuant to a previously-executed base contract for sale and purchase of natural gas with Southwest Energy, under which Plaquemines LNG will buy gas on a long-term basis from Tenaska.
This deal is for three years and five months.
Under the deal, Plaquemines LNG will buy 54,750,000 MMBtu prorated for an initial five-month period, and then 73,000,000 MMBtu for each of the following three years.
Plaquemines LNG expansion
Venture Global recently received approval from the US FERC to introduce natural gas to the fourteenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.
In April, the regulator approved the commissioning of liquefaction block 10 with natural gas.
This is the first liquefaction block of the second Plaqumines LNG phase.
The full project, including the first and the second stage, features 36 modular units, configured in 18 blocks. Each train has a capacity of 0.626 mtpa.
Earlier this year, Venture Global also received approval from FERC to boost the capacity of its Plaquemines LNG terminal to 27.2 mtpa.
Moreover, Venture Global’s units, Plaquemines Expansion and Venture Global Plaquemines, began the pre-filing process at the US FERC for the $18 billion expansion project in March.
After that, Venture Global added four more liquefaction blocks to the proposed brownfield expansion of its Plaquemines LNG terminal.
Venture Global has increased the number of liquefaction blocks to be permitted from 12 to 16. Each block features two trains.
As a result of this modification, the proposed production capacity of the project has increased from approximately 18.6 mtpa to approximately 24.8 mtpa.