{"id":63996,"date":"2026-05-12T10:37:12","date_gmt":"2026-05-12T10:37:12","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/63996\/"},"modified":"2026-05-12T10:37:12","modified_gmt":"2026-05-12T10:37:12","slug":"venture-global-seals-lng-supply-deals-with-totalenergies-vitol","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/63996\/","title":{"rendered":"Venture Global seals LNG supply deals with TotalEnergies, Vitol"},"content":{"rendered":"

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.<\/p>\n

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<\/a>. <\/p>\n

Both agreements will be supplied from Venture Global\u2019s portfolio, the company said.<\/p>\n

\u201cVenture Global is proud to deepen our partnerships with premier global energy companies like Vitol and TotalEnergies,\u201d said\u00a0Venture Global CEO Mike Sabel.\u00a0<\/p>\n

\u201cThese 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,\u201d he said.<\/p>\n

Expansion<\/p>\n

Sabel said\u00a0<\/a>in March that the company anticipates signing additional short-and long-term LNG supply contracts in the near term.<\/p>\n

He said during Venture Global\u2019s fourth-quarter earnings call that the company now has 69 percent of expected production capacity contracted, a percentage that \u201cshould rise quickly as we anticipate signing additional short- to intermediate- and long-term contracts in the near term.\u201d<\/p>\n

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 \u201cfantastic portfolio of customers.\u201d<\/p>\n

Venture Global recently\u00a0took a final investment decision\u00a0<\/a>(FID) on the second phase of its CP2 LNG project in Louisiana.<\/p>\n

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.<\/p>\n

The CP2 LNG plant site is situated adjacent to Venture Global\u2019s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April last year.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"Venture Global announced on Tuesday a new, binding agreement with TotalEnergies for the purchase of approximately 0.85 mtpa…\n","protected":false},"author":2,"featured_media":63997,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[23231,21900,158],"class_list":{"0":"post-63996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-vitol","8":"tag-totalenergies","9":"tag-venture-global-lng","10":"tag-vitol"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116561172552358279","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/63996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=63996"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/63996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/63997"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=63996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=63996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=63996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}