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Venture Global announced on Wednesday the execution of new, binding agreements for the purchase of approximately 0.82 million tonnes per annum (mtpa) for approximately five years commencing in 2026, to be supplied from Venture Global’s portfolio.
The company did not provide further details.
The new agreements add to the existing long-term sales and purchase agreements (SPAs) between Venture Global and EnBW for 2 mtpa for 20 years.
In June 2022, the two firms signed two 20-year sales and purchase agreements under which Venture Global would supply about 1.5 million tonnes per annum from its Plaquemines and CP2 facilities, starting in 2026.
Later the same year, EnBW increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 mtpa from Plaquemines and CP2 LNG.
Venture Global supplied the first Plaquemines LNG commissioning cargo to EnBW last year.
“As one of Germany’s top LNG suppliers, Venture Global is proud to strengthen our partnership with EnBW and support the region’s energy security with a reliable supply of LNG,” said Venture Global CEO Mike Sabel.
“The new mid-term agreements build on our strong, long-standing relationship with EnBW and reflects our commitment to meeting our customers’ evolving energy needs. Our dynamic marketing platform uniquely positions us to provide supply solutions across the short, medium, and long term,” he said.
Venture Global and a joint venture between Greek companies Aktor and DEPA also recently doubled volumes under their previously announced LNG supply deal.
Under the amended deal, Atlantic-SEE is doubling its existing contract with Venture Global from a minimum of 0.5 mtpa to 1 mtpa.