Venture Global Plaquemines LNG and EDF enter into LNG Sales and Purchase Agreement for 1 MTPA
Venture Global LNG, Inc. announced that Venture Global Plaquemines LNG, LLC and Électricité de France, S.A. (EDF) have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tons per year (MTPY) from the Plaquemines LNG export facility in Plaquemines Parish, Louisiana.
Under this agreement, EDF will purchase LNG on a free on board basis (FOB) for a 20-year term starting from the commercial operation date of the Venture Global Plaquemines LNG export facility.
The 20 MTPA Plaquemines facility utilizes an identical configuration to the company’s Calcasieu Pass LNG project, currently under construction in Cameron Parish, Louisiana. Plaquemines LNG has previously sold 2.5 MTPA under a 20-year SPA to PGNiG. The project has received its final authorizations from both the U.S. Federal Energy Regulatory Commission (FERC) and the U.S. Department of Energy (DOE).
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