Venture Global Inc. on Wednesday announced its second offtake agreement in a week for its pair of proposed Louisiana liquefied natural gas (LNG) projects. Chevron Corp. also moved to expand its LNG portfolio.

Venture Global Plaquemines LNG

The Arlington, VA company said Chevron agreed to two 20-year sales and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty). Half of the volumes could come from the recently sanctioned Plaquemines LNG, south of New Orleans. The other half could come from the proposed expansion of Calcasieu Parish LNG, dubbed CP2 LNG.

The pair of SPAs comes as Venture shores up offtake, especially for CP2 LNG. The project, with an estimated 20 mmty nameplate capacity, is not yet sanctioned, but Venture has estimated it could be ready to begin liquefaction by 2023.