1, the firm said it had increased annual volumes to Poland's PGNiG under a long-term deal to about 4 mpta tonnes from about 2.5 mtpa from the Plaquemines plant.
Each block contains two liquefaction systems called trains. Last year, prices jumped to 89 per mmBtu in August from 23 per mmBtu in February when Russia invaded Ukraine. LNG at the time cost between 8 and 12 per million British thermal units (mmBtu) in Europe. Venture Global is building or developing over 50 mtpa of LNG production capacity in Louisiana, including two 10-mtpa phases at Plaquemines, with the first phase expected to enter commercial service in 2024. The Federal Energy Regulatory Commission (FERC) has authorized Venture Global Calcasieu Pass, LLC, (Venture Global)the developer of the Calcasieu Pass liquefied natural gas (LNG) export terminalto commission the first six of nine liquefaction blocks. Edison and Repsol signed purchase contracts with Venture Global in 20, respectively. LNG exporter Cheniere Energy (LNG.A), which was the first major U.S.-China deal since 2018. ARLINGTON, Va., /PRNewswire/ - Today Venture Global LNG is announcing a final investment decision (FID) and successful closing of the 13.2 billion project financing for the initial. Venture Global's agreements with Sinopec follows an earlier announcement by China's privately controlled ENN Natural Gas Co (600803.SS) for a 13-year deal with U.S. Henry Hub futures linked pricing offers a hedge to Chinese buyers that are heavily exposed to oil benchmark Brent-based pricing. ARLINGTON, Va., Ap/PRNewswire/ - Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. exporters to secure long-term LNG supplies as rocketing gas prices and domestic power shortages heighten concerns about the country's fuel security.
Reuters reported last week that major Chinese companies are in advanced talks with U.S.
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