The Energy Republic June Edition 2022

INDUSTRY NEWS
Venture, ExxonMobil Signs New Long-Term LNG SPAs
Venture Global LNG announced the
execution of two new long-term
Sales and Purchase Agreements
(SPAs) with ExxonMobil LNG Asia Pacific
(EMLAP) for the sale of 2 million tonnes per
annum (MTPA) of liquefied natural gas
(LNG). Under the agreements, the
ExxonMobil affiliate will purchase 1 MTPA
from the Plaquemines LNG facility
(Plaquemines) as well as 1 MTPA from the
CP2 LNG facility (CP2). This is the second
supply agreement for CP2, which is
expected to commence construction in
2023. Both facilities will replicate the same
successful innovative design seen in
operation today at Calcasieu Pass, where
speed of execution resulted in the
production of first LNG only 29 months after
FID.
"Venture Global is deeply honored that
ExxonMobil has chosen to collaborate with
our company across both of our next
projects: Plaquemines and CP2" said Mike
Sabel, CEO of Venture Global LNG. "As a
global LNG leader, ExxonMobil's support for
Ve nture G l o b a l ' s i n n o vation a n d
engineering execution is a defining moment
for our combined teams and the wider LNG
market. Venture Global looks forward to
many years of collaboration between our
companies to bring lower carbon energy to
the world."
“LNG has an important role to play in helping
society reduce emissions from industrial
sectors," said Peter Clarke, senior vice
president of LNG for the ExxonMobil
Upstream Company. "We look forward to
working with Venture Global as we continue
to grow ExxonMobil's LNG portfolio and
progress our plans to reliably deliver natural
gas from the U.S. Gulf Coast to global
markets.”
Venture Global is a long-term, low-cost
provider of U.S. LNG sourced from resource
rich North American natural gas basins.
Venture Global's first facility, Calcasieu Pass,
commenced producing LNG in January
2022. The company is also constructing or
developing an additional 60 MTPA of
production capacity in Louisiana to provide
clean, affordable energy to the world. The
company is developing Carbon Capture and
Sequestration (CCS) projects at each of its
LNG facilities.
QatarEnergy Increases its LNG
Production Capacity to 110MTPA
Ma r k i n g t h e f i n a l m a j o r
milestone to deliver its North
Field East (NFE) LNG Expansion
Project to boost Qatar ’s LNG
production capacity to 110 million
tons per annum (MTPA), QatarEnergy
has awarded a major engineering,
procurement, and construction (EPC)
contract for the North Field Expansion
Project. A joint venture between
Técnicas Reunidas S.A. (TR) and Wison
Engineering (Wison) has been
selected as the EPC contractor and
was awarded a lump-sum contract for
the expansion of the sulfur handling,
storage, and loading facilities within
Ras Laffan Industrial City.
These facilities will support the NFE’s
four new LNG trains, which are
scheduled to start by year-end 2025.
The contract will also include an
option for further expansion to
support sulfur production for the two
additional LNG trains of the North
Field South (NFS) project, and
infrastructure to support future
additional LNG trains.
Commenting on this occasion, His
Excellency Mr. Saad Sherida Al-Kaabi,
the Minister of State for Energy
Affairs, the President and CEO of
QatarEnergy said: “The award of this EPC
contract is the culmination of our efforts
to implement the NFE project, the largest
of its kind in the history of LNG industry, as
part of our journey for the sustainable
development of our massive natural gas
resources, while maintaining our position
as the world’s largest, safest and most
reliable LNG producer.
The contract with the TR-Wison joint
venture includes options for the NFS
project as well as any future requirements
for the handling, storage and loading of
sulfur. We look forward to working
together to deliver this important project
in a safe, timely, and successful manner.”
In delivering the contract, the TR-Wison
joint venture will manage the detailed
engineering work from Qatar, leveraging
the country ’s growing technical
capabilities for the development of major
projects.
Sulfur produced as a by-product of the gas
treatment process required prior to the
production of LNG is used in the
production of fertilizers and as a base
material for intermediary chemicals used
in the manufacturing of industrial and
household products.
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