Venture Global and Japan’s Mitsui announced a long-term liquefied natural gas supply agreement under which Mitsui will purchase 1Mt/y of LNG for twenty years beginning in 2029. The companies said the agreement strengthens bilateral energy ties and supports long-term supply security for Japan and global markets.
According to the announcement, the new sales and purchase agreement expands Mitsui’s existing participation in United States LNG projects and deepens its engagement with Venture Global. Mike Sabel, CEO, Venture Global, stated that the partnership will help expand the flow of United States LNG to Japan and other destinations and will reinforce commercial links between the two countries. The company highlighted the role of long-term offtake commitments in balancing market volatility and ensuring predictable export volumes.
The agreement comes as global LNG demand remains steady, particularly in Asia, where long-term supply contracts continue to underpin energy security strategies. Japan, one of the world’s largest LNG importers, has pursued diversified sources of supply to stabilize prices and reduce exposure to short-term market fluctuations. Venture Global emphasized that the deal builds on established commercial relationships with Japanese partners that support sustained LNG flows from the United States Gulf Coast.
In Mexico, the LNG sector is entering a period of transition as new export capacity develops alongside changes in domestic natural gas consumption. Mexico currently imports most of its natural gas from the United States, but several LNG export projects on the Pacific Coast aim to convert US pipeline gas into export cargoes destined for Asia. These projects, including Energía Costa Azul LNG and future terminals in Sonora and Baja California, position Mexico as an emerging re-export hub at a time when Asian buyers are seeking long-term supply stability. The broader context of regional LNG dynamics underscores Mexico’s strategic location in linking North American gas resources with global markets.
The companies explained that the long-term structure of the agreement provides commercial predictability for both parties. As new LNG liquefaction facilities in the United States reach a final investment decision and move into construction, long-tenor contracts such as this one support financing and long-term capital planning. For Mitsui, the supply contract aligns with its strategy to secure reliable fuel sources while advancing its portfolio in global energy markets.
Venture Global reiterated its commitment to supply LNG safely and consistently throughout the duration of the contract. The company noted that its existing portfolio of long-term agreements has grown as buyers seek fixed-volume commitments in anticipation of future market tightness late in the decade. The firm stated that it expects its export capacity to expand significantly as additional phases of its US Gulf Coast projects advance.
The announcement reflects ongoing global reliance on LNG as a transitional fuel and the continued role of long-term bilateral agreements in anchoring future supply. Venture Global and Mitsui said their collaboration will support energy security, commercial stability and the development of new liquefaction capacity scheduled to come online before the end of the decade.