Germany’s EnBW expands LNG offtake with Venture Global
US LNG developer Venture Global LNG said October 6 it had agreed an expansion of an existing 20-year sales and purchase agreement (SPA) with German energy company EnBW, adding 500,000 mt/yr of offtake to a deal signed in June for an initial 1.5mn mt/yr.
The LNG under the expanded SPA will come from Venture Global’s Plaquemines and CP2 LNG projects. Venture Global took a final investment decision on the 20mn mt/yr Plaquemines terminal in May, while CP2 LNG, a 20mn mt/yr facility adjacent to Venture Global’s existing Calcasieu Pass terminal in Louisiana, is awaiting the release next July of a final environmental impact statement from the US Federal Energy Regulatory Commission.
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“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,” said Georg Stamatelopoulos, COO generation & trading at EnBW. “For this reason, we have stepped up our procurement volumes from Venture Global.”