Venture Global Plaquemines LNG and EDF enter into LNG Sales and Purchase Agreement for 1 MTPA

PR83003

ARLINGTON, Va., Feb. 26, 2020 /PRNewswire=KYODO JBN/ --

Venture Global LNG, Inc. announces that Venture Global Plaquemines LNG, LLC and

Electricite de France, S.A. (EDF) have entered into a 20-year Sales and Purchase Agreement

(SPA) for the supply of one million tonnes per annum (MTPA) from the Plaquemines LNG

export facility in Plaquemines Parish, Louisiana.

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Under this agreement, EDF will purchase LNG on a free on board basis (FOB) for

a 20-year term starting from the commercial operation date of the Venture

Global Plaquemines LNG export facility.

The 20 MTPA Plaquemines facility utilizes an identical configuration to the

company's Calcasieu Pass LNG project, currently under construction in Cameron

Parish, Louisiana.  Plaquemines LNG has previously sold 2.5 MTPA under a

20-year SPA to PGNiG.  The project has received its final authorizations from

both the U.S. Federal Energy Regulatory Commission (FERC) and the U.S.

Department of Energy (DOE).

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from

resource rich North American natural gas basins and is in construction or under

development on 50 MTPA of production capacity in Louisiana. The 10 MTPA Venture

Global Calcasieu Pass facility is under construction at the intersection of the

Calcasieu Ship Channel and the Gulf of Mexico. The 20 MTPA Venture Global

Plaquemines LNG facility is expected to commence construction this year and is

located south of New Orleans on the Mississippi River.  Venture Global LNG is

also developing the 20 MTPA Venture Global Delta LNG facility, adjacent to

Plaquemines.  More can be found at www.venturegloballng.com.

SOURCE  Venture Global LNG, Inc.

CONTACT: Venture Global investor contact: Leah Woodward, D: +1 202 759-6746,

lwoodward@vglng.com; or Venture Global media contact: Jessica Wickett, D: +1

202 759-6739, jwickett@vglng.com