PR94865

ARLINGTON, Va., March 8, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG announced the execution of a new long-term 20-year

Sales and Purchase Agreement (SPA) with Shell NA LNG LLC (Shell) for the supply

of 2 million tonnes per annum (MTPA) of LNG from Venture Global's Plaquemines

LNG export facility. This new deal builds on Shell's existing contract for 2

MTPA from the Calcasieu Pass LNG export terminal, bringing Shell's total

long-term offtake from Venture Global's facilities to 4 MTPA.

Logo -

https://mma.prnewswire.com/media/825434/VENTURE_GLOBAL_LNG_INC___Logo.jpg  

"Venture Global is honored that Shell, our first foundational customer at

Calcasieu Pass, has chosen to expand its existing cooperation with our company

with a second partnership at Plaquemines," said Venture Global CEO Mike Sabel.

"Venture Global is committed to bringing low-cost US LNG online quickly,

helping to keep the global market well supplied, while meeting our customers'

growing energy and climate goals. We look forward to working with Shell for

many years to bring low-cost, clean American LNG to the markets that need it

most."

Venture Global now holds the global record for the fastest construction of a

large-scale greenfield LNG facility with Calcasieu Pass and is actively under

construction at Plaquemines LNG, which is expected to come online in 2024.

Global LNG demand is expected to nearly double by 2040. This deal will secure

additional volumes for Shell's leading and diverse global LNG portfolio.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from

resource rich North American natural gas basins. Venture Global's first

facility, Calcasieu Pass, commenced producing LNG in January 2022.  The company

is also constructing or developing an additional 60 MTPA of production capacity

in Louisiana to provide clean, affordable energy to the world. The company is

developing Carbon Capture and Sequestration (CCS) projects at each of its LNG

facilities.

SOURCE  Venture Global LNG

CONTACT: Shaylyn Hynes, shynes@vglng.com