Starting in 2026, Vitol will receive 1.5 million tonnes per year (MTPA) of liquefied natural gas (LNG) from Venture Global’s portfolio, under a new binding agreement signed by both companies. This contract, with a term of 5 years, strengthens both companies’ position in the dynamic global LNG market.
The agreement provides for the flexible and reliable supply of U.S. LNG from Venture Global’s operating and development projects located in Louisiana, United States. These include the Calcasieu Pass, Plaquemines LNG, and CP2 LNG facilities, which are part of the company’s vertically integrated model that covers the entire LNG value chain.
Statements highlighting the scope of the agreement
“Flexible and reliable U.S. LNG is seeing growing global demand, and this agreement with Vitol represents an important step to further diversify our portfolio,” said Mike Sabel, CEO of Venture Global. He added that the company’s model enables it to offer short-, medium-, and long-term contracts, adapting to market needs.
Global demand for flexible and reliable U.S. LNG is growing rapidly, and Venture Global is proud to work with leading LNG trading companies like Vitol to provide this essential supply to the market.
Mike Sabel, CEO of Venture Global.
At Vitol, we are delighted to work with Venture Global, a leading LNG producer and supplier to global markets.
Pablo Galante Escobar, Vitol’s Global Head of LNG.
Strengthening the global energy market
This agreement reinforces the growing trend toward mid-term contracts that combine flexibility, reliability, and diversification in energy supply. By partnering, Venture Global and Vitol strengthen their role as key strategic players in international energy supply amid the energy transition and rising demand.
Source: Vitol