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Chevron, Venture Global ink 20-year LNG deal

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Chevron USA is set to purchase two million tonnes per annum of LNG from Venture Global, under two sales and purchase agreements inked on Wednesday (22nd June).

The 20-year-long agreement will see one million tonnes per annum supplied from Venture Global’s Plaquemines LNG facility in Louisiana and another one million tonnes per annum supplied from its CP2 LNG project.

Construction of the CP2 LNG site is set to commence in 2023. The facility will also be located in Louisiana and have a nameplate liquefaction capacity of 20 million tonnes per annum, with a peak capacity of approximately 24 million tonnes per annum.

Mike Sabel, CEO of Venture Global, said, “Venture Global is delighted to begin a long-term LNG agreement with Chevron, one of the world’s premier integrated energy companies.”

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