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PGNiG and Venture Global LNG sign deal for LNG from U.S.

Staff Writer |
Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities.

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The agreement defines basic terms and conditions of a 20-year contract for the sales and purchase of two million tonnes per annum (Mtpa) of LNG, which equals about 2.7 bcm following regasification.

Cargoes will be supplied from Calcasieu Pass and Plaquemines LNG export facilities which are expected to be completed in 2022 and 2023 respectively.

Both terminals will be located by the Gulf of Mexico in Louisiana. The documents were signed during the currently held World Gas Conference in Washington, DC.

Deliveries may be subject to further trading on international markets and will be supplied on a free-on-board basis (FOB – the purchaser is responsible for transport of cargo from a loading port).

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