New Fortress Energy (NFE), together with its affiliates, has announced the execution of two 20-year sale and purchase agreements (SPA) with Venture Global LNG.
Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana.
Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global’s Plaquemines LNG export facility in Plaquemines Parish, La., for a term of 20 years.
“We are pleased to partner with Venture Global as we advance our mission of providing customers around the world with access to low-carbon natural gas and affordable electricity,” said Wes Edens, chairman and CEO of NFE. “These volumes support our plan to expand and diversify our stable natural gas supply portfolio to meet the growing needs of our customers in a structurally short global natural gas market.”
In addition to 1 MTPA from Plaquemines LNG, NFE agreed to purchase a
