Louisiana’s Venture Global finalizes 20-year deal to ship more LNG to Poland

Liquefied natural gas (LNG) developer Venture Global LNG Inc. said it had finalized a deal that would make it the top U.S. supplier of LNG to Poland.

A sale and purchase agreement (SPA) signed last week in Warsaw calls for Polish Oil and Gas Co. (PGNiG) to buy 2 million metric tons/year (mmty) from Venture’s two Louisiana facilities for 20 years.That brings the total offtake under contract to PGNiG to 5.5 mmty over 20 years on a free-on-board basis.

“Poland will lower its carbon footprint and diversify its energy mix by incorporating more American natural gas into its portfolio,” Venture CEO Mike Sabel said.

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