7/27/2023 0 Comments Venture global stock![]() ![]() Venture Global has entered long-term agreements to sell LNG to units of several companies around the world, including China Petroleum and Chemical Corp (Sinopec) (600028.SS), Royal Dutch Shell PLC (RDSa.L), BP PLC (BP.L), Edison SpA (EDNn.MI), Galp Energia SGPS SA (GALP.LS), Repsol SA (REP.MC) and Polish Oil and Gas Co (PGNiG). 23, 2023 /PRNewswire/ - Today, Venture Global LNG and China Gas Holdings Limited ('China Gas' or the 'Group' stock code: 384), a leading natural gas operator in China. The US Justice Department approved the venture in 1996, but conditions attached ensured that before 1 January 1998, Global One was forbidden to own. In total, Venture Global has about 70 MTPA of LNG export capacity under construction or development in Louisiana, including the 10-MTPA Calcasieu Pass, 20-MTPA Plaquemines, 20-MTPA Delta and the 20-MTPA CP2. "As Louisiana pursues a goal of net-zero emissions by 2050, projects that feature carbon capture and sequestration allow our state to sustain industry without sacrificing our long-term carbon-reduction goals," Edwards said. Sergio Chapa Venture Global LNG is moving ahead with a second liquefied natural gas export terminal on the Gulf Coast after arranging 13.2 billion of financing, a move that will help support. The CP2 project is designed to produce about 20 million tonnes per annum (MTPA) of LNG and will incorporate technology to reduce the amount of carbon dioxide released into the atmosphere. Louisiana Governor John Bel Edwards said in the release that "The CP2 facility in Cameron (Parish) will create more than 1,000 new permanent jobs and thousands of construction jobs in the area, which will have a significant impact on our economy." “These two projects (Calcasieu and CP2), combined with our Plaquemines LNG facility now under construction, represent more than $20 billion of investment in the State of Louisiana," Venture Global Chief Executive Mike Sabel said in a statement. Analysts have estimated Calcasieu Pass cost about $4.5 billion. The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year. liquefied natural gas (LNG) company Venture Global LNG said on Thursday that it will invest more than $10 billion to develop a fourth LNG export facility in Louisiana. Importantly, low-cost LNG supplied to the region will accelerate fuel switching and lower carbon emissions, contributing meaningfully to China and the world's existing climate targets.Dec 2 (Reuters) - U.S. 20, 2021 /PRNewswire/ - Today, Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China. Through relentless execution and innovation, our company will continue to bring much needed new capacity to the global LNG market, supporting energy security and environmental progress both in Asia and Europe. Mike Sabel, Chief Executive Officer of Venture Global LNG said, "Venture Global is pleased to welcome China Gas as a customer both at Plaquemines and CP2. Bringing People Together Towards the Next Global Commodity Discover Our Business Discover Our Business Bringing People Together Towards Malaysias Next. We look forward to working with Venture Global over the coming years to help further reduce greenhouse gas emissions." These two SPAs increase additional volume for our LNG portfolio and strengthen China Gas's supply ability. Ltd., said "As a major participant in China's energy market, we are committed to providing reliable and low-carbon LNG to Chinese customers. ![]() Liu Minghui, Chairman and President of China Gas Holdings Co. Venture Global LNG and China Gas Holdings Limited ("China Gas" or the "Group" stock code: 384), a leading natural gas operator in China, announced that the wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD ("China Gas Hongda") and Venture Global LNG ("Venture Global"), have signed two 20-year LNG Sales and Purchase Agreements (SPA).Īs per agreements, China Gas will purchase LNG on a free on board (FOB) basis from Plaquemines LNG and the CP2 LNG export facility, both in Louisiana, for a combined 1 million tonnes per annum (MTPA).
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