Venture Global, EnBW increase LNG supply partnership

Venture Global LNG and European energy supplier EnBW have expanded their existing LNG partnership to 2 million tonnes/year (tpy). Under the 20-year agreements signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 million tpy from Plaquemines and CP2 LNG.

The two agreements in June called for 1.5 million tpy of LNG from the two liquefaction plants, starting 2026 (OGJ Online, June 21, 2022).

"To become less dependent on Russian natural gas and to strengthen diversification and security of supply, EnBW is supporting the German government by increasing further access to LNG supplies. For this reason, we have stepped up our procurement volumes from Venture Global", said Georg Stamatelopoulos, chief operating officer, generation and trading at EnBW. "With the help of LNG, we can secure Germany's gas supply to enable the energy transition, while not losing sight of our climate neutrality targets,” he continued.