ConocoPhillips Secures 20-Year LNG Deal with Venture Global Starting 2030

ConocoPhillips has secured a long-term liquefied natural gas (LNG) supply agreement with Venture Global, marking a significant step in the energy sector. The 20-year deal, announced on October 6, 2026, covers 1.0 million tonnes per annum of LNG, with deliveries set to begin in 2030. The agreement underscores ConocoPhillips' commitment to expanding its global LNG portfolio and Venture Global's growing influence in the U.S. LNG market.

Venture Global, which produces LNG sourced from North American basins, has been expanding its capacity since its first facility began operations in 2022. The company now boasts more than 100 million tonnes per annum (mtpa) of capacity across production, construction, and development. Its key projects, including Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Additionally, Venture Global is investing in carbon capture and sequestration projects at each of its facilities.

The agreement is part of a series of deals Venture Global has secured this year, including partnerships with European energy companies like EnBW. Mike Sabel, Venture Global's chief executive, welcomed ConocoPhillips as a long-term partner, highlighting the agreement as a reflection of market confidence in Venture Global's ability to deliver reliable, low-cost U.S. LNG. He expressed enthusiasm about supporting ConocoPhillips' growing global LNG portfolio for decades to come.

This deal not only strengthens Venture Global's position in the LNG supply chain but also reinforces ConocoPhillips' strategy to diversify its energy assets. The agreement is expected to have a lasting impact on the global energy market, ensuring a stable supply of LNG well into the future.