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    1. Pipelines & Transportation
    2. LNG

    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.
    Photo from Venture Global.
    Venture Global Plaquemines tank.
    Venture Global Plaquemines tank.

    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).

    Photo from Venture Global.
    Venture Global Plaquemines tank.
    Venture Global Plaquemines tank.
    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. 

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