BP has entered a 20-year agreement to buy two million tonnes of liquefied natural gas (LNG) 2022 from Venture Global LNG once its under-construction facility in Calcasieu Pass, Louisiana, opens in each year. The facility is expected to export 10 million tonnes of LNG a year. Venture Global, which is developing another LNG facility in Plaquemines Parish, Louisiana, also has agreements with Shell, Edison and Galp Group. Venture Global raised $525m to finance both facilities.
BP has entered a 20-year agreement to buy two million tonnes of liquefied natural gas (LNG) each year from Venture Global LNG once its under-construction facility in Calcasieu Pass, Louisiana, opens in 2022. The facility is expected to export 10 million tonnes of LNG a year. Venture Global, which is developing another LNG facility in Plaquemines Parish, Louisiana, also has agreements with Shell, Edison and Galp Group. Venture Global raised $525m to finance both facilities.