Repsol SA has agreed to purchase liquefied natural gas (LNG) from Venture Global LNG Inc.’s Plaquemines export project in Louisiana. 

Venture Global Plaquemines LNG

The Spanish-based energy major agreed to the deal in January. Repsol would take 18.25 Bcf of LNG over three years, according to a filing with the U.S. Department of Energy.

Initial construction activities started in earnest in September at the project site about 20 miles south of New Orleans after being briefly interrupted by Hurricane Ida.

At the beginning of February, Venture reported to the Federal Energy Regulatory Commission that construction was progressing. Crews were expected to begin pile testing in the future storage tank area and installing pre-production pads at the terminal site.

Once the entire scope of the project is completed...