ConocoPhillips Locks in US LNG Supply with Venture Global Deal

ConocoPhillips has deepened its bet on US Gulf Coast liquefied natural gas (LNG) by signing a long-term supply deal with Venture Global. This agreement extends a recent run of 20-year-plus contracts for US export capacity.

The deal adds to ConocoPhillips' expanding LNG portfolio, which now includes several long-duration contracts. At the same time, it marks another significant milestone in Venture Global's growth as a major player in the global LNG market.

Under the terms of the agreement, ConocoPhillips will receive 1 million tonnes per year (Mt/y) of LNG from Venture Global. This supply deal is expected to provide a stable source of US LNG for ConocoPhillips' customers.