ConocoPhillips Signs Long-Term Deal for US-LNG with Venture Global

Venture Global and ConocoPhillips have signed a long-term deal for liquefied natural gas (LNG). Under this agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global for 20 years, starting in 2030.

According to Mike Sabel, CEO of Venture Global, 'Venture Global is proud to welcome ConocoPhillips as a long-term partner.' He added that this agreement reflects market confidence in their ability to deliver reliable and low-cost LNG quickly and at scale.

Venture Global has over 100 million tonnes per annum (MTPA) of capacity in production, construction, or development. The company's vertically integrated business includes assets across the LNG supply chain, including production, natural gas transport, shipping, and regasification.