Venture Global to supply 1 million tpy of LNG to Petronas
Venture Global LNG Inc. and Petronas LNG Ltd., a subsidiary of Malaysian state-owned oil and gas company, Petronas, have executed a 20-year agreement for Petronas to purchase 1 million tonnes/year (tpy) of LNG from Venture Global’s 20-million tpy Plaquemines LNG plant.
The company has now announced 20-year sales agreements for 16 million tpy of Plaquemines LNG’s capacity: 4 million tpy, China Petroleum & Chemical Corp. (Sinopec); 2 million tpy, CNOOC Gas & Power Group Co. Ltd.; 2 million tpy, Shell NA LNG LCC; 2 million tpy, ExxonMobil LNG Asia Pacific (OGJ Online, May 10, 2022); 2 million tpy, New Fortress Energy Inc.; 1 million tpy, Électricité de France SA (EDF); and Polish Oil & Gas Co. (PGNiG) taking the balance.
Venture Global is developing Plaquemines LNG on a 630-acre site in Plaquemines Parish, La., about 20 miles south of New Orleans. The plant will use as many as 36 0.626-million tpy trains configured in 18 two-train blocks and will include up to three berths capable of handling LNG carriers as big as 185,000 cu m.
Earlier this year, Venture Global awarded Baker Hughes Co. a contract to provide the modular liquefaction units for the plant’s first phase. First deliveries are expected in 2023 to meet a 2024 startup date (OGJ Online, Mar. 9, 2022).
Christopher E. Smith | Editor in Chief
Christopher brings 27 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 15 of them in midstream and transportation sectors.
