Jera Co. Inc. has signed on as an offtaker from Venture Global LNG Inc.’s CP2 export project under development in Cameron Parish, LA. 

Jera, Japan’s largest power company, has agreed to buy 1 million metric tons/year (mmty) of liquefied natural gas from CP2. Jera would buy the super-chilled fuel for a term of 20-years on a free-on-board basis that would start when the facility enters operations. Other terms of the deal, like what price index the LNG sales would be tied to, were not disclosed. 

CP2 LNG is Venture Global’s third export project. Construction is expected to start later this year and operations are slated to begin in 2026, according to the company’s website. Venture Global said Friday that it has announced sales and purchase agreements for more than one-third...