Italy’s Eni has signed a 20-year LNG sales and purchase agreement with Venture Global – which is beginning to ramp up the contracts for its CP2 LNG project.
The deal involves the purchase of 2 million tonnes per annum (mtpa) from Venture Global’s third project, and marks Eni’s first long-term agreement with a US LNG producer.
To date, approximately 13.5 mtpa of CP2 Phase One has been sold, raising the total contracted capacity for all of Venture Global’s projects to 43.5 mtpa.
Venture Global has supplied Italy with nearly 40 cargoes of US LNG from its Calcasieu Pass and Plaquemines LNG facilities.
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