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Venture Global announced on Tuesday a new, binding agreement with TotalEnergies for the purchase of approximately 0.85 mtpa of LNG for approximately five years commencing in 2026.
Separately, Venture Global and Vitol agreed to increase their existing five-year binding LNG agreement to 1.7 mtpa, up from 1.5 mtpa previously agreed and announced in March 2026.
Both agreements will be supplied from Venture Global’s portfolio, the company said.
“Venture Global is proud to deepen our partnerships with premier global energy companies like Vitol and TotalEnergies,” said Venture Global CEO Mike Sabel.
“These agreements reflect the continued confidence and trust in our ability to deliver reliable, low-cost US LNG to global markets quickly and at scale as demand for energy security continues to grow. By offering customers short-, medium-, and long-term supply options, we are providing the flexibility and certainty they need to deliver LNG where it is needed most,” he said.
Expansion
Sabel said in March that the company anticipates signing additional short-and long-term LNG supply contracts in the near term.
He said during Venture Global’s fourth-quarter earnings call that the company now has 69 percent of expected production capacity contracted, a percentage that “should rise quickly as we anticipate signing additional short- to intermediate- and long-term contracts in the near term.”
The CEO and founder noted during the call that since the company re-entered the contracting market in April last year, Venture Global has signed 9.25 mtps of new 20-year SPAs with a “fantastic portfolio of customers.”
Venture Global recently took a final investment decision (FID) on the second phase of its CP2 LNG project in Louisiana.
CP2 will have a peak production capacity of 29 mtpa and has contracted to sell nearly all of its nameplate capacity on a long-term basis with customers predominantly located in Europe and Asia.
The CP2 LNG plant site is situated adjacent to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April last year.
In addition, Venture Global expects to be able to add approximately 13 mtpa of bolt-on capacity at both CP2 and its Plaquemines LNG plant.