ConocoPhillips Signs 20-Year, 1-MTPA LNG Deal With Venture Global

ConocoPhillips has signed a 20-year sales and purchase agreement with Venture Global. It will purchase 1.0 million tonnes per annum (MTPA) of liquefied natural gas under the deal, with deliveries starting in 2030.

The agreement expands ConocoPhillips’ global LNG portfolio and strengthens its relationship with Venture Global. Supply will come from Venture Global’s facilities in Louisiana.

The deal reinforces confidence in the U.S. as a reliable, long-term LNG supplier to global markets.