Venture Global LNG and BP sign LNG agreement
May 21, 2018
Venture Global LNG and BP have entered today into a 20-year SPA for the supply of 2 MTPA from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.
Under this agreement, BP will purchase LNG on a FOB basis for a 20-year term starting from the commercial operation date of the project, currently expected in 2022.
BP joins Venture Global’s other LNG partners, including Shell, Edison and Galp.
Venture Global LNG is developing both the 10 MTPA Calcasieu Pass and the 20 MTPA Plaquemines LNG facilities.
Edited from Venture Global LNG press release.