Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant

(Reuters) - U.S. LNG exporter Venture Global LNG said that oil and gas major Shell has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.

The contract is for 2 MTPA of LNG for 20 years, Venture Global said in a statement. Shell already buys 2 MTPA from Venture Global's Calcasieu Pass plant, which is also in Louisiana.

Plaquemines, which has not been formally approved, would produce up to 20 MTPA of LNG beginning 2024, the company has said. 

"We look forward to working with Shell for many years to bring low-cost, clean American LNG to the markets that need it (the) most," Venture Global CEO Mike Sabel said.

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