Venture Global Plaquemines LNG, EDF sign LNG agreement

Venture Global Plaquemines LNG LLC has signed an agreement with Électricité de France SA (EDF) for the supply of 1 million tonnes/year of LNG from the Plaquemines LNG export facility in Plaquemines Parish, La. (OGJ Online, Oct. 16, 2019). 

Under the 20-year agreement, EDF will purchase LNG on a free on board basis for a 20-year term starting from the commercial operation date of the Venture Global Plaquemines LNG export facility. Plaquemines LNG plans to begin commercial operations of Phase 1 in late 2022 and Phase 2 in 2023.

The project has received its final authorizations from both the US Federal Energy Regulatory Commission and the US Department of Energy.