Commodities
Venture Global Lands Major Supply Deal with ConocoPhillips
Venture Global Inc () shares jumped 3% in after-hours trading Thursday following the announcement of a long-term liquefied natural gas supply agreement with ConocoPhillips.
The deal, which spans 20 years, includes ConocoPhillips purchasing 1.0 million tonnes per annum of LNG from Venture Global starting in 2030.
This agreement marks another significant milestone for Venture Global as it continues to expand its customer base and contracted supply commitments.
Venture Global CEO Mike Sabel stated, 'Venture Global is proud to welcome ConocoPhillips, one of the world’s leading energy companies, as a long-term partner.'