Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy
(Reuters) — U.S. liquefied natural gas (LNG) company Venture Global LNG said on Tuesday it would supply 0.7 million tonnes of LNG per annum (MTPA) to Excelerate Energy Inc. for 20 years.
The LNG will be supplied to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana on a free-on-board basis.
"This new strategic partnership with Venture Global supports our efforts to enhance energy security and accelerate the energy transition by delivering natural gas to our customers worldwide," Steven Kobos, CEO of Excelerate, said.
Venture Global said in May last year that it made a final investment decision to build the proposed Plaquemines LNG plant and closed on the $13.2 billion project financing for the initial 13.33 MTPA phase of the project and associated Gator Express pipeline.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments