Overview
- Under the sales and purchase agreement, Mitsui will buy 1.0 million tonnes per annum of LNG from Venture Global for 20 years beginning in 2029.
- This is Venture Global’s third long-term contract with a Japanese company, according to the companies.
- Venture Global shares rose after the announcement, with Benzinga reporting the stock up about 4% in premarket trading on Wednesday.
- The deal follows recent 20-year SPAs with Spain’s Naturgy for 1 MTPA from 2030 and Greece’s Atlantic‑See LNG for at least 0.5 MTPA from 2030.
- Venture Global points to operating and permitted capacity in Louisiana—Calcasieu Pass producing since 2022, Plaquemines since 2024, and CP2 with DOE export authorization—while noting standard risks tied to financing, construction, and permitting.