LNG

March 7 (LNGJ) - Royal Dutch Shell has agreed to double its liquefied natural gas purchase agreement with Washington DC-based Venture Global, taking the US developer closer to a final investment decision for one of its two projects in Louisiana. Shell is now committed to buying 2 million tonnes per annum of LNG as free-on-board cargoes for 20 years from the Calcasieu Pass project out of 10 MTPA of planned production. Venture Global has also signed a similar 20-year supply accord for 1 MTPA with Italian utility Edison. Venture Global plans to produce 20 MTPA from a second export plant in Plaquemines on the Mississippi River.