ConocoPhillips Inks 20-Year LNG Deal with Venture Global

ConocoPhillips has secured a major 20-year liquefied natural gas (LNG) supply agreement with Venture Global. Announced on October 1, 2026, the deal will see ConocoPhillips purchasing 1.0 million tonnes of LNG per year, with deliveries set to commence in 2030.

The long-term agreement is expected to bolster ConocoPhillips' global LNG portfolio, according to the company. The NYSE-listed firm (ticker: COP) highlighted the strategic importance of the deal in its official release.

Under the terms of the agreement, Venture Global will supply the LNG, ensuring a steady flow of the resource to ConocoPhillips over the next two decades.