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Venture And BP Sign LNG Sales And Purchase Agreement

- May 23, 2018 -

Venture Global LNG announced on May 22 that its subsidiaries Venture Global Calcasieu Pass and BP have signed a 20-year sales and purchase agreement.


Under the agreement, the Venture Global Calcasieu Pass LNG export plant will supply 2 million metric tons of liquefied natural gas per year, and the plant is currently under development in Cameron Parish, Louisiana, and is expected to enter commercial operations by 2022.


BP will purchase liquefied natural gas on FOB (offshore) terms for 20 years from the date of commercial operation of the Venture Global Calcasieu Pass LNG export plant.


Venture Global LNG is currently developing the Venture Global Calcasieu Pass plant with an annual capacity of 10 million metric tons and the Venture Global Plaquemines liquefied natural gas plant with an annual capacity of 20 million metric tons.