Venture Global signs long-term LNG supply agreements with China Gas

Venture Global LNG Inc. and China Gas Hongda Energy Trading Co. Ltd., a subsidiary of China Gas Holdings Ltd. have executed two 20-year agreements for China Gas to purchase 1 million tonnes/year (tpy) of LNG on a free-on-board (FOB) basis from Venture Global’s 20-million tpy Plaquemines LNG plant and 1 million tpy from the CP2 LNG plant, both in Louisiana.

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.

The 20-milllion tpy nameplate capacity CP2 LNG plant will be built in Cameron Parish, La. The plant and 4-bcfd CP Express natural gas pipeline project received its draft environmental impact statement (EIS) from the US Federal Energy Regulatory Commission (FERC) in January (OGJ Online, Jan. 23, 2023). The company hopes to begin construction in 2023 to meet a second-quarter 2026 in-service date.