** Shares of LNG company Venture Global VG rise 2.5% to $16.16 premarket
** Company to supply an additional 0.75 million tonnes per annum (mtpa) of liquefied natural gas to Germany-based distributor SEFE Energy GmbH from its Calcasieu Pass 2 (CP2) LNG project for 20 years
** Adds that this will increase the total volume of LNG purchased by SEFE from CP2 LNG to 3.0 mtpa
** VG is expected to become Germany’s largest LNG supplier, with a combined 5 mtpa offtake 20-year agreements with German companies SEFE and Energie Baden Wuerttemberg AG EBK – company says
** To date, ~11.5 mtpa of CP2 Phase One has been sold, raising the total contracted capacity for all of its projects to 41.5 mtpa – VG adds
** As of last close, stock had fallen over ~34% since its debut on the New York Stock Exchange in January