Venture Global to sell 0.7 mtpy of Plaquemines LNG output to Excelerate

Feb. 28, 2023

Venture Global LNG and Excelerate Energy have executed a 20-year LNG sales agreement, with Excelerate purchasing 0.7 million tpy on a free-on-board basis from Venture Global’s 20-million tpy Plaquemines LNG plant in Plaquemines Parish, La.

OGJ editors

Venture Global LNG Inc. and Excelerate Energy Inc. have executed a 20-year LNG sales agreement, with Excelerate purchasing 0.7 million tonnes/year (tpy) on a free-on-board basis from Venture Global’s 20-million tpy Plaquemines LNG plant in Plaquemines Parish, La.

Last week, Venture Global executed two 20-year agreements with China Gas Hongda Energy Trading Co. Ltd., one for 1 million tpy from Plaquemines LNG and another for 1 million tpy from the company’s 20-million tpy CP2 LNG plant, under development in Cameron Parish, La. (OGJ Online, Feb. 24, 2023).

Venture Global also successfully raised the roof for the first of four 200,000-cu m LNG storage tanks at Plaquemines LNG, 9 months after final investment decision on the project. Chicago Bridge & Iron Co. performed the work.

The roof weighs 900 tons and is 294 ft in diameter. Air raising it allowed for better and safer access as well as a faster construction schedule, Venture Global explained, as the roof was erected concurrently with the 130-ft. tall shell. Eventually, the tank will include a 9%-nickel alloy inner tank and an outer wall and outer roof made from concrete to provide full containment of the LNG.