Venture Global and Grain LNG sign new deal further strengthening the security of supply of natural gas to the United Kingdom



ARLINGTON, Va., Feb. 5, 2024 /CNW/ — Today, Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG, subject to obtaining necessary federal permits. Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum (3MTPA) of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for sixteen years beginning in 2029-equivalent of up to 5% of average UK gas demand.

This is the second agreement from Grain LNG’s competitive auction process …

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