Venture Global and ConocoPhillips Announce 20-Year LNG Sales and Purchase Agreement
Business Wire•01/10/2026•16:30 ET
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Key Highlights
- ➤ConocoPhillips (COP) will buy 1.0 million tonnes annually of LNG from Venture Global (VG)
- ➤20-year LNG sales agreement begins in 2030
- ➤Venture Global (VG) secures ConocoPhillips (COP) as a long-term LNG customer
Expert Statements
Mike Sabel, CEO of Venture Global
“Venture Global is proud to welcome ConocoPhillips, one of the world's leading energy companies, as a long-term partner.”
Mike Sabel, CEO of Venture Global
“This agreement reflects continued market confidence in our proven ability to deliver reliable, low-cost U.S. LNG quickly and at scale.”
Mike Sabel, CEO of Venture Global
“We look forward to supporting ConocoPhillips' growing global LNG portfolio for decades to come.”
Venture Global and ConocoPhillips Announce 20-Year LNG Sales and Purchase Agreement
Today, Venture Global, Inc. (NYSE: VG) and ConocoPhillips (NYSE: COP) announced a new, long-term Sales and Purchase Agreement (SPA) for liquefied natural gas (LNG). Under the SPA, ConocoPhillips will buy 1.0 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years, starting in 2030.
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