The Italian energy group Eni has signed a long-term LNG supply agreement with the US LNG project developer Venture Global. Under the terms of the agreement, Eni will purchase 2 Mt/year of LNG over a 20-year period, with deliveries set to begin by the end of the decade. The supply will come from Venture Global’s Calcasieu Pass 2 (CP2) project, currently under development in Cameron Parish, Louisiana, in the United States.
The facility is expected to have a nameplate liquefaction capacity of 20 Mt/year of LNG and a peak production capacity of 28 Mt/year. Venture Global is targeting first LNG exports from CP2 in the third quarter of 2027. This agreement, alongside similar 20-year contracts with Malaysia’s Petronas (1 Mt/year) and Germany’s SEFE, brings the total volume contracted from CP2 Phase 1 to 13.5 MTPA. Overall, Venture Global has now secured commitments for 43.5 MTPA across all its LNG projects.
The deal marks Eni’s first long-term LNG contract with a US supplier. The company aims to expand its LNG portfolio to approximately 20 Mt/year of contracted volumes by 2030.