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Oct 1, 11:52 PM
Venture Global announced a 20-year LNG supply agreement with ConocoPhillips, under which ConocoPhillips will purchase 1.0 million metric tons per year of LNG from Venture Global beginning in 2030. The long-term deal adds a major global energy company to Venture Global’s customer portfolio and extends its contracted supply commitments through 2050.
The agreement provides long-term visibility for Venture Global’s LNG volumes and reflects continued interest from major energy companies in U.S. natural gas exports. CEO Mike Sabel said the partnership demonstrates confidence in Venture Global’s ability to supply reliable, low-cost U.S. LNG at scale.
Venture Global began LNG production in 2022 and has since expanded into one of the largest U.S. LNG exporters, with more than 100 million metric tons per year of capacity either operating, under construction or in development. Its Louisiana portfolio includes Calcasieu Pass, Plaquemines LNG and CP2 LNG.
$VG $COP
