VentureGlobalLNG has signed two long-term supply contracts with Sinopec at the PlaqueminesLNG facility. The Plaquemines plant has signed a contract to supply 4 million tons (mtpa) of LNG per year. The plant has invested US$8.5 billion.

According to reliable sources, the project’s sales and purchase agreements will each last for 20 years, one of which is 2.8mtpa, which will be sold on a free-on-board (FOB) basis. The other contract is for 1.2 metric tons of LNG, which will be supplied on a delivery site delivery (DPU) basis. According to the letter, there are no details on when the supply of LNG will start. The pricing terms of the contract were also not disclosed. The contract was signed in September 2021. Keywords: engineering construction, engineering news

VentureGlobalLNG’s acquisition agreement has enabled the company to take the lead and advance the LNG project to the final investment decision, which is expected to be implemented by the end of 2021. The Plaquemines LNG facility is proposed to be built in the Diocese of Plaquemines, nearly 32 kilometers south of New Orleans. The LNG export terminal will be built on 630 acres of land on the Mississippi River, with a planned production capacity of 20 metric tons per year. In addition to the LNG plant, VentureGlobalLNG will also build the related GatorExpressPipeline, which will provide natural gas to it. VentureGlobal reached a third LNG supply deal with Unipec, Sinopec's trading arm. The transaction is for the supply of 1 metric ton of LNG from the company's CalcasieuPass facility within three years from March 2023.Editor/XingWentao,Design/ZhangTao