Venture Global Inc. has secured a significant long-term liquefied natural gas supply agreement with PETRONAS LNG Ltd., expanding its partnership with the Malaysian state-owned energy giant. The NYSE-listed company announced a new 20-year Sales and Purchase Agreement under which PETRONAS will purchase 1 million tonnes per annum of LNG from Venture Global’s CP2 LNG facility.
The agreement builds upon Venture Global’s existing commitment to supply 1 MTPA of LNG to PETRONAS from its Plaquemines LNG facility, strengthening the partnership between the American LNG developer and the Malaysian energy company. PETRONAS joins a diverse group of CP2 LNG customers spanning Europe, Asia, and other global markets.
The latest agreement brings total contracted capacity for CP2 Phase One to approximately 10.75 MTPA out of the facility’s 14.4 MTPA nameplate capacity, demonstrating strong market demand for Venture Global’s LNG projects. The 20-year term provides long-term revenue visibility for Venture Global while offering PETRONAS a stable supply source for its LNG portfolio.
CP2 LNG represents Venture Global’s third major LNG development project and forms part of the company’s broader strategy to establish a significant presence in the global LNG market. With approximately 75 percent of CP2 Phase One capacity now contracted, Venture Global continues to demonstrate its ability to secure long-term commercial agreements with prestigious international partners across multiple geographic regions.
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