Venture Global and EnBW Announce Expansion of LNG Partnership
10.17.2022 By TankTerminals.com - NEWS

October 17, 2022 [Yahoo!] – Today, Venture Global LNG and EnBW announced the expansion of their existing LNG partnership to 2 million tonnes per annum (MTPA). Under the 20-year Sales and Purchase Agreements (SPAs) signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 MTPA from Plaquemines and CP2 LNG.

 

“Venture Global is delighted to be a growing strategic partner to Germany and EnBW, a foundation customer at both Plaquemines and CP2,” said Venture Global CEO Mike Sabel. “The German government has taken swift action to address the energy crisis and we are honored to support their efforts by providing security of US LNG supply. Our company has pioneered the next generation of LNG plants, with a safe and low-cost model, enabling us to bring much needed supply to the global market years faster than ever done before. Our Gulf Coast facilities incorporate critical, world class European equipment, including liquefaction modules, gearboxes, steam turbines and more, supporting countless jobs across the continent.”

“To become less dependent on Russian natural gas and to strengthen diversification and security of supply, EnBW is supporting the German government by increasing further access to LNG supplies. For this reason, we have stepped up our procurement volumes from Venture Global”, explained Georg Stamatelopoulos, Chief Operating Officer Generation & Trading at EnBW. “With the help of LNG, we can secure Germany’s gas supply to enable the energy transition, while not losing sight of our climate neutrality targets.

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Vopak Pacific Canada Project Has Reached a Significant Project Milestone
11.29.2022 - NEWS
November 29, 2022 [Tank Store Mag] – The Vopak Pacific Canada project has reached a significant... Read More
MISC, Japanese and Chinese Partners Scoop QatarEnergy LNG Prize
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Latest package of newbuild carriers will be constructed by Hudo... Read More
Port Arthur LNG Project Sanction Expected In Early 2023, Says Sempra
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Texas gas liquefaction facility was granted a 50-month extensio... Read More
JBIC and Woodside Move On New LNG Supply to Japan
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Australia’s Woodside Energy has teamed up with the Japan Bank... Read More