Venture Global LNG signs 20-year contract with German energy firm

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22/06/2023 19:15

HOUSTON, June 22 (Reuters) - U.S  liquefied natural gas
(LNG) developer Venture Global LNG on Thursday said it had
signed a 20-year deal to provide Germany's  Securing Energy for
Europe GmbH (SEFE) with 2.25 million tonnes per annum (MTPA) of
LNG.
   With this deal, Venture Global would become Germany's largest
LNG supplier, with a combined 4.25 MTPA of LNG, the company
said.
    Th contract will deliver supplies from Venture Global's LNG
Calcasieu Pass 2 (CP2) project. Approximately half of CP2 20
MTPA nameplate capacity has been sold, with a third of the
contracted capacity committed to German customers, Venture
Global LNG noted.
    Construction of the CP2 project in Cameron Parish,
Louisiana,  in expected to begin later this year.
    "Venture Global is thrilled to begin a strategic partnership
with SEFE, making our company the largest long-term LNG supplier
to Germany," said Mike Sabel, CEO of Venture Global LNG.
    SEFE is an integrated energy company owned by the German
government. 
    The SEFE deal brings the total committed for the project to
9.25 MTPA of the 20 MTPA nameplate capacity for CP2, Venture
Global LNG said.

 (Reporting by Curtis Williams; 
Editing by Sandra Maler)
 ((Curtis.Williams@thomsonreuters.com; +1 346 324 7560;))