Venture Global to buy natgas for Louisiana Plaquemines LNG
U.S. LNG company Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from a unit of Spanish energy company Repsol SA.
Venture Global said the Repsol contract was for 18,250,000 million British thermal units, or 18.25 Bft3y and will last three years, according to the company's filing with the U.S. Department of Energy, which was made available on Monday.
Venture Global said the Repsol transaction was confirmed on Jan. 21.
Venture Global started early site work on Plaquemines, which is located about 20 miles (32 kilometers) south of New Orleans, in 2021.
The company has said construction firm Zachry Group will work with engineering firm KBR Inc to build the first phase at Plaquemines.
The venture, called KZJV, will install modular liquefaction trains at Plaquemines that are similar to systems at Venture Global's Calcasieu Pass LNG plant in Louisiana.
Plaquemines would produce up to 20 MMtpy of LNG or 2.6 Bft3d of natural gas. Analysts have said the plant would cost about $8.9 B and could start producing first LNG in 2024.
(Reporting by Scott DiSavino Editing by Marguerita Choy)
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