Venture Global expands LNG partnership with Shell
Venture Global LNG announced the execution of a new long-term 20-year Sales and Purchase Agreement with Shell for the supply of 2 MMtpy of LNG from Venture Global’s Plaquemines LNG export facility. This new deal builds on Shell’s existing contract for 2 MMtpy from the Calcasieu Pass LNG export terminal, bringing Shell’s total long-term offtake from Venture Global’s facilities to 4 MMtpy.
“Venture Global is honored that Shell, our first foundational customer at Calcasieu Pass, has chosen to expand its existing cooperation with our company with a second partnership at Plaquemines,” said Venture Global CEO Mike Sabel. “Venture Global is committed to bringing low-cost U.S. LNG online quickly, helping to keep the global market well supplied, while meeting our customers’ growing energy and climate goals. We look forward to working with Shell for many years to bring low-cost, clean American LNG to the markets that need it most.”
Venture Global now holds the global record for the fastest construction of a large-scale greenfield LNG facility with Calcasieu Pass and is actively under construction at Plaquemines LNG, which is expected to come online in 2024.
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