Commodities
ConocoPhillips Locks in 20-Year LNG Deal with Venture Global
Venture Global, Inc., has secured a long-term deal with ConocoPhillips for the sale of liquefied natural gas (LNG).
Under the agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global for 20 years.
The deliveries are set to begin in 2030, as stated by a press release from the company.
Venture Global CEO Mike Sabel expressed pride in welcoming ConocoPhillips as a long-term partner, stating 'Venture Global is proud to welcome ConocoPhillips, one of the world’s leading energy companies, as a long-term partner.'