ARLINGTON, Va. and STUTTGART, Germany, October 6, 2022 /PRNewswire/ — Today, Venture Global LNG and EnBW announced the expansion of their existing LNG partnership to 2 million tonnes per year (MTPA). Signed as part of 20 year Sales and Purchase Agreements (SPAs). June 2022EnBW has increased the volume of its long-term LNG purchase from Venture Global by a further 0.5 MTPA of Plaquemines and CP2 LNG.
“Venture Global is pleased to be a growing strategic partner of Germany and EnBW, a founding customer of both Plaquemines and CP2″, said the CEO of Venture Global Mike Sabel. “The German government took swift action to address the energy crisis and we are honored to support their efforts by securing the supply of LNG in the US. Our company has pioneered the next generation of LNG plants with a safe and cost-effective model to bring much-needed supplies to the global market faster than ever before. Our Gulf Coast facilities contain critical, world-class European equipment including condensing modules, gearboxes, steam turbines and more that support countless jobs across the continent.”
“In order to become less dependent on Russian natural gas and to strengthen diversification and security of supply, EnBW is supporting the federal government by further increasing access to LNG supplies. Because of this, we have increased our sourcing volume from Venture Global,” explained George StamatelopoulosMember of the Board of Management for Generation & Trading at EnBW. “With the help of LNG, we can secure that of Germany Gas supply to enable the energy transition without losing sight of our climate neutrality goals.
About Venture Global LNG
Venture Global is a long-term, low-cost provider of US LNG sourced from resource-rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, began producing LNG in January 2022. The Company is also building or developing an additional production capacity of 60 MTPA in Louisiana provide…
