Venture Global to sell additional 2m tonnes of LNG to Poland
Venture Global LNG and PGNiG (Polish Oil and Gas Company) finalized an agreement under which PGNiG will purchase an additional 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global for 20 years. Cargoes will be supplied from Venture Global’s Calcasieu Pass LNG and Plaquemines LNG export facilities. The documents were signed during a ceremony at the Warsaw Stock Exchange.
This announcement amends the existing Sales and Purchase Agreements signed by the companies in 2018, increasing the volume of LNG purchased from Calcasieu Pass LNG to 1.5 MTPA and the volume from Plaquemines LNG to 4 MTPA. This brings the total volume of LNG PGNiG has committed to purchase from Venture Global facilities to 5.5 MTPA, for 20 years on a free-on-board basis (FOB).
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