Venture Global LNG Inc. has secured a 20-year sales and procurement agreement (SPA) for a combined 1.5 million metric tons/year (mmty) from its two Louisiana natural gas export facilities with one of Germany’s largest energy firms.
The SPA clinched by the Arlington, VA-based liquefied natural gas (LNG) infrastructure company is with EnBW Energie Baden-Württemberg AG. EnBW is the third largest combined utility in Germany with more than 5.5 million customers. 

Russia Pipeline Imports

Venture CEO Mike Sabel called the agreement “an important step” for Germany’s strategy “to diversify its energy mix” as most of Europe moves to cut reliance on Russian natural gas. 

EnBW’s Georg Stamatelopoulos, COO of Generation and Trading, said the utility has been expanding LNG activities to diversify...