Venture Global LNG has signed a long-term agreement with Japan’s Jera for the sale of 1 of LNG to be supplied from the US-based developer’s planned CP2 LNG project in Louisiana.
Venture Global LNG has signed a long-term agreement with Japan’s Jera for the sale of 1 of LNG to be supplied from the US-based developer’s planned CP2 LNG project in Louisiana.
The LNG shipments to be started from the year that commercial operations commence at the project for 20 years on a FOB basis.
"LNG procurement competition has been intensifying and thus, stable procurement of LNG in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply of energy in Japan," Jera said.
According to the
Global LNG Database®, Venture Global LNG expects to make its final investment decision (FID) on the planned CP2 LNG export project in the third quarter of 2023 as the project is expected to begin construction after obtaining necessary approvals.
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