Country for PR: United States
Contributor: PR Newswire New York
Wednesday, June 22 2022 - 23:19
AsiaNet
VENTURE GLOBAL ANNOUNCES LNG SALES AND PURCHASE AGREEMENTS WITH CHEVRON
ARLINGTON, Va., June 22, 2022 /PRNewswire-AsiaNet/ --

Today Venture Global announced the execution of two long-term Sales and 
Purchase Agreements (SPAs) for the purchase of two million tonnes per annum 
(2MTPA) of liquefied natural gas (LNG) for 20 years. Under the agreements, 
Chevron U.S.A. Inc. will purchase 1MTPA from the Plaquemines LNG facility and 
1MTPA from CP2 LNG. Plaquemines LNG has been under full construction since 
August of 2021 and the construction of CP2 LNG is expected to commence in 2023.

Photo - https://mma.prnewswire.com/media/1845250/Venture_Global_LNG.jpg 

"Venture Global is delighted to begin a long-term LNG agreement with Chevron, 
one of the world's premier integrated energy companies," said Venture Global 
CEO Mike Sabel. "This is an outstanding addition to our growing customer 
portfolio at CP2. Our innovative and proven approach for the deployment of LNG 
trains enables us to deliver energy to our customers faster and at the lowest 
cost. As we prepare to roll out trains number 55 through 90 at CP2, we are 
honored that this competitive advantage has been recognized by Chevron." 

"Our agreements with Venture Global allow Chevron to deliver affordable, 
reliable, and ever cleaner energy to meet long-term demand," said Colin 
Parfitt, Chevron Vice President, Midstream. "This is part of Chevron's strategy 
to connect and strengthen relationships across the natural gas value chain – 
from natural gas production and lower carbon initiatives, to transportation, 
marketing and delivery to the customers who need it most."

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from 
resource rich North American natural gas basins. Venture Global's first 
facility, Calcasieu Pass, commenced producing LNG in January 2022. The company 
is also constructing or developing an additional 60 MTPA of production capacity 
in Louisiana to provide clean, affordable energy to the world. The company is 
developing Carbon Capture and Sequestration (CCS) projects at each of its LNG 
facilities.

SOURCE  Venture Global LNG

CONTACT: Venture Global investor contact: Leah Woodward, D: +1 202 759-6746, 
lwoodward@vglng.com; Venture Global media contact: Shaylyn Hynes, D: +1 202 
920-0964, shynes@vglng.com
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