Venture Global Adds LNG Supply Agreements with Vitol, TotalEnergies
Venture Global signed new LNG purchase agreements with TotalEnergies and Vitol, expanding medium-term supply commitments from its growing U.S. LNG portfolio.
(P&GJ) — Venture Global signed new LNG purchase agreements with TotalEnergies and Vitol, expanding supply commitments from the company’s growing U.S. LNG portfolio.
Under the agreements, TotalEnergies will purchase approximately 0.85 million metric tons per year (MMtpy) of LNG from Venture Global over a five-year period beginning in 2026.
Separately, Venture Global and Vitol agreed to increase a previously announced five-year LNG supply agreement to 1.7 MMtpy, up from 1.5 MMtpy announced earlier this year.
The company said both agreements will be supplied from Venture Global’s broader LNG portfolio, which includes Calcasieu Pass, Plaquemines LNG and the proposed CP2 LNG project in Louisiana.
Mike Sabel, CEO of Venture Global, said the agreements reflect continued global demand for flexible U.S. LNG supply as energy security concerns remain elevated.
Venture Global has rapidly expanded its position in the LNG export market in recent years through development of multiple Gulf Coast liquefaction projects and associated natural gas infrastructure. The company said it now has more than 100 MMtpy of LNG capacity in production, construction or development stages.