Venture Global signs additional LNG supply agreement with Shell

Venture Global LNG signed a new 20-year long-term purchase agreement with Shell NA LNG LLC for the supply of 2 million tonnes/year (tpy) of LNG from Venture Global's Plaquemines LNG liquefaction plant. The deal adds to Shell's existing contract for 2 million tpy from the Calcasieu Pass LNG liquefaction plant, bringing Shell's total long-term purchases from Venture Global to 4 million tpy (OGJ Online, Mar. 22, 2021).

Venture Global's first plant, Calcasieu Pass, began producing LNG in January 2022. The Plaquemines LNG liquefaction plant, under construction in Plaquemines Parish, La. about 20 miles south of New Orleans, is expected to come online in 2024 (OGJ Online, Feb. 1, 2022). When fully developed, it will have an export capacity of up to 20 million tpy.