Venture Global signs 20-year LNG supply deal with Petronas

The agreement builds on Venture Global’s existing agreement with Petronas for 1 million tpy of LNG from Plaquemines LNG.

July 3, 2025

Venture Global Inc. has executed a new LNG supply agreement with Petronas LNG Ltd., a subsidiary of the Malaysian state-owned Petronas.

Under the terms of the deal, Venture Global will supply Petronas with 1 million tonnes/year (tpy) of LNG from its CP2 LNG plant for 20 years. In June, the company noted progress on the CP2 LNG, its third LNG export plant. With all federal approvals in hand, the company initiated full mobilization and started site work (OGJ Online, June 3, 2025).

To date, some 10.75 million tpy of the 14.4 million tpy nameplate capacity for CP2 Phase One has been sold, Venture Global said.