Edison and Venture Global Calcasieu Pass, LLC (Venture Global) have entered into a Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA), concerning the purchase by Edison of 1 million tons per annum of LNG (equivalent to approximately 1.4 billion cubic meters of natural gas per year) from the Calcasieu Pass LNG export facility, currently being developed by Venture Global in Cameron Parish, Louisiana, USA.
Apache Corp has warned its first-quarter profit fell 10 percent because of lower prices for crude oil and natural gas liquid, after saying it planned to divest up to $4 billion in assets by the end of the year.
