Venture Global announces agreement with PETRONAS

Published by Ellie Brosnan, Editorial Assistant
Tanks and Terminals, Tuesday, 08 July 2025 10:00

Venture Global, Inc. have announced the execution of a new 20 year sales and purchase agreement (SPA) with PETRONAS LNG Ltd (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS.

Under the terms of the SPA, PETRONAS will purchase 1 million tpy of LNG from Venture Global’s third facility, CP2 LNG terminal, for 20 years. This builds upon Venture Global’s existing agreement with PETRONAS for 1 million tpy of LNG supply from Plaquemines LNG, Venture Global’s second facility.

PETRONAS joins other CP2 LNG customers in Europe, Asia, and the rest of the world in a strategically important project to global energy supply and security. To date, approximately 10.75 million tpy of the 14.4 million tpy nameplate capacity for CP2 Phase One has been sold.

Venture Global is a long-term, low-cost provider of US LNG sourced from resource rich North American natural gas basins. Venture Global’s business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping, and regasification.

Read the article online at: https://www.tanksterminals.com/terminals/08072025/venture-global-announces-agreement-with-petronas/