February 05, 2024 09:40 GMT
Grain LNG Sign 16 Year Supply Deal with Venture Global
Venture Global LNG has signed a deal for the right to deliver 3m tons of LNG per year to the Grain LNG import terminal for 16 years from 2029.
- The agreement was a result of an auction process that started in September 2023 and follows a similar deal for 3m tons per year for 10 years between Algeria’s Sonatrach and Grain last week.
- “The addition of our first US customer further diversifies our supplier base, underpins UK consumers’ energy security and guarantees the future of our world-class site out to 2045,”said Katie Jackson, president of the UK’s National Grid Ventures, which operates Grain LNG.