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Edison secures purchase of 1 million tpy of LNG

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LNG Industry,

Edison and Venture Global Calcasieu Pass, LLC (Venture Global) have entered into a LNG sales and purchase agreement (SPA), concerning the purchase by Edison of 1 million tpy of LNG from the Calcasieu Pass LNG export facility, currently being developed by Venture Global in Cameron Parish, in Louisiana, USA.

Under this SPA, Edison will purchase the gas on a free on board basis (FOB) for a 20 year term starting from the commercial operation date of the Calcasieu Pass facility, currently expected in 2021.

This agreement will contribute to Edison’s gas supply portfolio competitiveness and diversification, further enhancing Edison’s ability to meet the Group’s customers’ requirements.

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