(Adds details on the deal)
Feb 28 (Reuters) - U.S. liquefied natural gas (LNG) company Venture
Global LNG said on Tuesday it would supply 0.7 million tonnes of LNG per annum
(MTPA) to Excelerate Energy Inc for 20 years.
The LNG will be supplied to Excelerate from Venture's Plaquemines LNG
facility in Plaquemines Parish, Louisiana on a free-on-board basis.
"This new strategic partnership with Venture Global supports our efforts to
enhance energy security and accelerate the energy transition by delivering
natural gas to our customers worldwide," said Steven Kobos, chief executive
officer of Excelerate.
Venture Global said in May last year that it made a final investment
decision to build the proposed Plaquemines LNG plant and closed on the $13.2
billion project financing for the initial 13.33 MTPA phase of the project and
associated Gator Express pipeline.
(Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)
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