Project Insights

BP signs 20-year SPA for 2 mtpa from Calcasieu Pass

BP has signed a 20-year SPA for 2 mtpa for LNG from the Calcasieu Pass facility.
By Staff reporter 21 May 2018 Americas / LNG 0 30947

BP has signed a 20-year sales-and-purchase agreement for 2 mtpa with Venture Global for volumes from the Calcasieu Pass facility in Louisiana in the United States. Venture has now contracted for 6 mtpa of the plant’s planned 10 mtpa capacity.

The facility is due online in 2022.  Venture said in a statement that it has raised $525 million of capitalto support the development of its projects, which also include a 20 mtpa liquefaction facility in Plaquemines Parish in Louisiana.