1/2/2024 0 Comments Venture global![]() "With the help of LNG, we can secure Germany's gas supply to enable the energy transition, while not losing sight of our climate neutrality targets. The December update said, 'Delta LNG continues to prepare its federal and state. Illustration of the Plaquemines LNG export plant in Louisiana. That pre-filing docket is still live at FERC, although without much activity (PL19-4). Venture Global secures 13bn in funding for LNG export plant on US coast The project is expected to have an export capacity of up to 20Mtpa. Venture Global is delighted to be a growing strategic partner to Germany and EnBW, a foundation customer at both Plaquemines and CP2, said Venture Global CEO. For this reason, we have stepped up our procurement volumes from Venture Global", explained Georg Stamatelopoulos, Chief Operating Officer Generation & Trading at EnBW. Venture Global did not immediately respond to an inquiry as to whether it views the newest project as an alternative to Delta LNG, which would have the same capacity. Under the 20-year SPAs signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 mtpa from Plaquemines and CP2 LNG. "To become less dependent on Russian natural gas and to strengthen diversification and security of supply, EnBW is supporting the German government by increasing further access to LNG supplies. Our Gulf Coast facilities incorporate critical, world class European equipment, including liquefaction modules, gearboxes, steam turbines and more, supporting countless jobs across the continent." ![]() Venture Global is currently constructing or developing 70 MTPA of. LNG sourced from resource rich North American natural gas basins. Our company has pioneered the next generation of LNG plants, with a safe and low-cost model, enabling us to bring much needed supply to the global market years faster than ever done before. Venture Global is a long-term, low-cost provider of U.S. "The German government has taken swift action to address the energy crisis and we are honored to support their efforts by providing security of US LNG supply. "Venture Global is delighted to be a growing strategic partner to Germany and EnBW, a foundation customer at both Plaquemines and CP2," said Venture Global CEO Mike Sabel. Under the 20-year Sales and Purchase Agreements (SPAs) signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 MTPA from Plaquemines and CP2 LNG. Today, Venture Global LNG and EnBW announced the expansion of their existing LNG partnership to 2 million tonnes per annum (MTPA).
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