Venture Global inks long-term LNG supply deals with Germany’s EnBW

US LNG exporter Venture Global LNG has signed two long-term liquefied natural gas supply deals with German energy firm EnBW.

Under the 20-year sales and purchase agreements, Venture Global will supply about 1.5 million tonnes per annum from its Plaquemines and CP2 facilities, starting in 2026.

Moreover, EnBW would purchase 0.75 Mtpa from the recently approved Plaquemines LNG project in Louisiana and 0.75 Mtpa from the planned CP2 LNG facility, according to a statement by Venture Global.

With this, EnBW becomes the next European customer of Venture Global, who already announced agreements with PGNiG, BP, Shell, Repsol, Edison, and Galp.

“This is the first direct binding offtake agreement for long-term US LNG signed by a German company, an important step that manifests Germany’s strategy to diversify its energy mix,” Mike Sabel, CEO of Venture Global LNG, said in the statement.

“Our company is honored to become a major provider of LNG to Germany, providing security of supply on a competitive, long-term basis,” Sabel said.

Germany to become large LNG importer

Germany currently has no LNG import facilities but it has chartered four FSRUs to start importing LNG as part of plans to slash reliance on Russian gas supplies.

These include the two units RWE chartered from Hoegh LNG, and the Dynagas-owned 174,000-cbm Transgas Force and Transgas Power that will go on charter to Uniper.

Uniper also started building the first German import terminal in Wilhelmshaven and this facility will host one of the chartered FSRUs.

Besides the FSRU-based facilities, Germany will host large onshore LNG import terminals such Hanseatic Energy Hub’s Stade LNG import terminal near Hamburg.

Earlier this year, EnBW signed a deal with HEH as it aims to book capacity at the Stade LNG plant.

Georg Stamatelopoulos, COO generation and trading at EnBW, said in the statement that the firm “looks forward to a long-term LNG partnership with Venture Global.”

“We have expanded our LNG activities step by step in the recent years. Liquefied natural gas plays a key role in the diversification of our fuels for electricity and heat generation: It opens up the possibility of new sources to secure Germany’s gas supply in the current energy transition phase and builds a bridge to a green energy supply,” Stamatelopoulos said.

Most Popular

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

More News Like This

Kelsian’s unit scores CP2 LNG contract

A unit of Australia’s land and marine transport service provider Kelsian has secured a contract from Worley for Venture Global LNG's CP2 LNG project in Louisiana.

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.

Worley updates on CP2 LNG work

Australian engineering firm Worley has provided an update on its reimbursable EPC contract with US LNG exporter Venture Global LNG for the latter's CP2 LNG terminal in Louisiana.

Venture Global withdraws Delta LNG application

US LNG exporter Venture Global LNG is withdrawing its FERC application for the proposed 24.4 mtpa Delta LNG export facility in Louisiana. Instead, Venture Global will focus on expanding its Plaquemines LNG export facility in Louisiana.