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June 20, 2018

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Marine News

Shell to take twice as much LNG from planned Calcasieu Pass LNG: developers

London (Platts)--6Mar2018/421 pm EST/2121 GMT


Shell has agreed to double its offtake from the planned 10 million mt/year Calcasieu Pass LNG facility in Louisiana, project developer Venture Global LNG said in a statement Tuesday.

With this revised agreement, Shell's total offtake commitment from the facility stands at 2 million mt/year over a 20-year period.

Only 3 million mt/year of the plant's 10 million mt/year capacity has so far been committed, with Italy's Edison having agreed to buy the other 1 million mt/year from the facility.

According to Mike Sabel and Bob Pender, co-CEOs for Venture Global LNG, the additional commitment from Shell represents a "significant validation" in the company's ambition to start construction on the facility later this year.

--Luke Stobbart, luke.stobbart@spglobal.com
--Edited by Derek Sands, derek.sands@spglobal.com

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