Venture Global inks gas trade deal with ExxonMobil

USA

ARLINGTON, May 11, 2022 – Venture Global LNG has signed two sales and purchase agreements with ExxonMobil LNG Asia Pacific for 2 million tonnes of LNG from its Plaquemines LNG and CP2 LNG facilities in Louisiana, US, the LNG provider announced on Tuesday.

Under the deal, the USD 8.9-billion Plaquemines LNG facility will supply 1 million tonnes of LNG to the super-major’s affiliate once it comes on line in 2024. The asset will have the capacity to produce 20 million tonnes of LNG per year.

The CP2 LNG facility will also deliver 1 million tonnes of LNG to ExxonMobil under its second sales and purchase agreement. The company previously signed a contract to deliver 1 million tonnes per year of LNG to New Fortress Energy.

Construction of the USD 10-billion CP2 LNG project is expected to begin in 2023. The facility will have the capacity to process 20 million tonnes per year of LNG.