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Venture Global and ConocoPhillips Announce 20-Year LNG Sales and Purchase Agreement

VGCOP
  • Venture Global Inc. & ConocoPhillips announced a 20-year Sales & Purchase Agreement for 1.0 million tonnes per annum of LNG starting in 2030.
  • The agreement reflects Venture Global's capacity to deliver reliable, low-cost U.S. LNG at scale.
  • Venture Global is a U.S. LNG producer & exporter with over 100 MTPA of capacity across production, construction, or development.
  • The company began LNG production in 2022 & operates vertically integrated assets including production, transport, shipping, & regasification.
  • Venture Global's first three projects, Calcasieu Pass, Plaquemines LNG, & CP2 LNG, are located in Louisiana along the Gulf of America.
  • The company is developing carbon capture & sequestration projects at each of its LNG facilities.
  • The press release includes forward-looking statements regarding business strategy that involve risks & uncertainties.