Venture Global to provide LNG to Excelerate Energy from its Plaquemines LNG plant in Louisiana
2/28/2023
Venture Global LNG said it would supply 700,000 tpy of LNG to Excelerate Energy 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," said Steven Kobos, chief executive officer of Excelerate.
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 B project financing for the initial 13.33 MMtpy phase of the project and associated Gator Express pipeline.
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