Edison signs deal for 1mn t/yr of US lNG

摘要

Italian utility Edison has signed a 20-year deal to buy LNG from US frm Venture Global’s Calcasieu Pass project, which is being developed on the US Gulf coast. The deal is for fob supplies of 1mn t/yr, equivalent to about 135mn ft3/d (1.4bn m~3/yr) of gas, once commercial operations begin at the Calcasieu Pass terminal in southwestern Louisiana. The expected start-up date is 2021, but it is not clear whether the facility will launch on time because an investment decision has yet to be taken on the $4.5bn project.