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Edison Signs Agreement with Venture Global for the Purchase of 1MT/Year of LNG

Source: www.gulfoilandgas.com 9/27/2017, Location: North America

Edison and Venture Global Calcasieu Pass, LLC (Venture Global) have entered into a Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA), concerning the purchase by Edison of 1 million metric tons per annum of LNG (equivalent to approximately 1.4 billion cubic meters of natural gas per year) from the Calcasieu Pass LNG export facility, currently being developed by Venture Global in Cameron Parish, Louisiana, USA.

Under this SPA, Edison will purchase the gas on a free on board basis (FOB) for a 20 year term starting from the commercial operation date of the Calcasieu Pass facility, currently expected in 2021. This agreement will contribute to Edison’s gas supply portfolio competitiveness and diversification, further enhancing Edison’s ability to meet the Group’s customers’ requirements.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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