Repsol signs purchase deal with Venture Global LNG

Spanish oil and gas company has agreed a three-year deal to purchase 18.25 billion cubic feet of LNG from Venture Global LNG’s Plaquemines LNG export project in Louisiana, US.

‘Repsol has a strong presence throughout the natural gas value chain in North America, from the wellhead to our robust natural gas marketing and trading network. We source natural gas from our own production as well as third-party volumes to meet our customers’ needs. This supply agreement reflects Repsol’s commitment to natural gas as an important fuel for the energy transition to a lower-emission future. Aligned with this strategy, we are continuously exploring opportunities to deliver safe, reliable and flexible supplies of natural gas for customers in North America,’ a company spokesperson tells Tank Storage Magazine.