U.S.-based Venture Global signed a purchase and sale agreement (PPA) for the sale of liquefied natural gas (LNG) with PETRONAS LNG Ltd. This agreement ensures the supply of 1 million tons per year (MTPA) of LNG from the future CP2 LNG terminal in Louisiana for the next two decades.
The new commitment is in addition to the existing agreement for Plaquemines LNG, bringing the total volume that PETRONAS will obtain from Venture Global’s facilities to 2 MTPA.
Details of the new LNG contract
[post_relacionado]With this signing, the U.S. marketer has already sold 10.75 MTPA of the 14.4 MTPA planned in Phase 1 of CP2. CP2Phase 1 of CP2, moving closer to its goal of providing affordable energy and supporting global energy security.
In the meantime, PETRONAS is consolidating its strategy to diversify sources and guarantee stable deliveries for its Asian customers, relying on the integrated production, transportation and regasification chain of its U.S. partner.
It is important to mention that Venture Global is developing projects that include carbon capture and storage systems. carbon capture and storagestorage systems, aligned with its decarbonization objectives.
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Source: Venture Global
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