ConocoPhillips Secures Long-Term LNG Supply with Venture Global Deal

ConocoPhillips has secured a long-term supply of liquefied natural gas (LNG) through a 20-year sales and purchase agreement with Venture Global.

The deal, which begins in 2030, will see ConocoPhillips purchasing 1 million metric tons per annum (MMtpa) of LNG from Venture Global's facilities.

Venture Global CEO Mike Sabel said the agreement reflects continued market confidence in the company's ability to deliver reliable and low-cost U.S. LNG at scale.

The companies have not disclosed the financial terms of the agreement, but it marks a significant expansion of ConocoPhillips' global LNG portfolio.