September 27, 2017 / 1:44 PM / 5 months ago

Italy's Edison agrees to buy 1 million tons/y of U.S. LNG from Venture Global

MILAN (Reuters) - Edison, the Italian utility owned by France’s EDF (EDF.PA), has agreed to buy 1 million tons of liquefied natural gas (LNG) per year from Venture Global LNG, the companies said on Wednesday.

    The LNG will come from the Calcasieu Pass LNG export facility Venture Global is developing in the United States, a joint statement by the two companies said.

    Under the deal Edison will buy the gas on a free-on-board basis for a period of 20 years starting from when the facility begins commercial operations in 2021.

    Reporting by Stephen Jewkes, editing by Giulia Segreti

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