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The filing dated September 16 shows that Venture Global Plaquemines LNG entered on August 27 into a transaction confirmation with Apex, pursuant to a base contract for the sale and purchase of natural gas previously entered into with a corporate predecessor of Apex.
Apex is a privately held oil and gas company engaged in the development and production of natural gas in the Louisiana Haynesville.
Under the deal, Plaquemines LNG will purchase natural gas on a long-term basis from Apex.
The deal is for two years and seven months.
“The contract quantity varies by time period but equates to 17,605,000 MMBtu during the
first twelve months; 4,225,000 MMBtu during the second twelve months; and 1,065,000
MMBtu over the final seven months,” Plaquemines LNG said.
Plaquemines LNG did not provide further details.
Earlier this year, Plaquemines LNG entered into a deal to purchase natural gas on a long-term basis from gas marketer Tenaska Marketing Ventures
The deal is for three years.
Under the deal, Plaquemines LNG will buy 36,500,000 MMBtu per year.
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.
27.2 mtpa
Venture Global recently received approval from the US FERC to introduce natural gas to the fifteenth liquefaction block at the Plaquemines LNG terminal as part of the plant’s commissioning process.
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.