Venture Global, Inc. and ConocoPhillips have announced a new, long-term sales and purchase agreement (SPA) for LNG. Under the SPA, ConocoPhillips will buy 1 million tpy of LNG from Venture Global for 20 years, starting in 2030.
“Venture Global is proud to welcome ConocoPhillips, one of the world’s leading energy companies, as a long-term partner,” said Venture Global CEO, Mike Sabel. “This agreement reflects continued market confidence in our proven ability to deliver reliable, low-cost US LNG quickly and at scale. We look forward to supporting ConocoPhillips’ growing global LNG portfolio for decades to come.”