Repsol signs 20-year deal with Louisiana LNG export facility

Repsol signs 20-year deal with Louisiana LNG export facility

US outfit Venture Global LNG has entered into a 20-year agreement with Spanish energy company Repsol SA.

The deal will involve the supply of one million tonnes of liquefied natural gas (LNG) from the Calcasieu Pass LNG export facility in Louisiana each year.

Repsol will purchase LNG on a free on board (FOB) basis from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, under development in Cameron Parish, Louisiana.

The Calcasieu Pass LNG export facility is located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico. It is expected to be operational from 2022.

Source: Reuters