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Venture Global Secures Landmark 20-Year LNG Sale and Purchase Agreement with PETRONAS
[City, State] – July 3, 2025 – Venture Global LNG, Inc. is pleased to announce a significant milestone in its ongoing development of world-class liquefied natural gas (LNG) export facilities. The company has entered into a definitive 20-year Sale and Purchase Agreement (SPA) with PETRONAS, the national oil and gas company of Malaysia. This agreement represents a substantial commitment to Venture Global’s Plaquemines LNG export facility, further solidifying its position as a key player in the global LNG market.
Under the terms of this long-term contract, PETRONAS will purchase a substantial volume of LNG from Venture Global’s Plaquemines facility, located in Louisiana. The commencement of deliveries is anticipated to align with the commercial operations of the Plaquemines LNG project. This agreement underscores PETRONAS’s strategic approach to securing reliable and competitive energy supplies for its diverse customer base and reinforces Venture Global’s strategy of partnering with globally recognized and respected energy companies.
“We are delighted to announce our agreement with PETRONAS, one of the world’s leading energy companies and a valued partner,” said [Name and Title of Venture Global Spokesperson, if available, otherwise omit or use a general statement like “a Venture Global spokesperson”]. “This 20-year SPA is a testament to the high quality of our Plaquemines LNG project and its ability to deliver competitively priced, low-carbon intensity LNG to global markets. Partnering with PETRONAS, a company with a strong reputation and extensive experience in the energy sector, is a significant step forward in the development of our Plaquemines facility.”
The Plaquemines LNG project, currently under development, is designed to provide a highly efficient and cost-effective means of exporting American natural gas to international destinations. Venture Global is committed to building LNG facilities that prioritize environmental responsibility and operational excellence, aiming to deliver LNG with one of the lowest carbon footprints in the industry.
PETRONAS, through its trading arm PETRONAS LNG Ltd. (PLL), plays a crucial role in the global LNG supply chain, marketing and delivering LNG to customers worldwide. This agreement with Venture Global will further enhance PETRONAS’s ability to meet the growing demand for cleaner energy solutions and diversify its LNG portfolio.
This agreement represents a critical step in advancing the Plaquemines LNG project towards a final investment decision. Venture Global continues to make strong progress on its portfolio of projects, including Calcasieu Pass and CP2 LNG, and remains focused on bringing reliable and affordable LNG to the global energy transition. The company anticipates further commercial updates in the near future.
Venture Global annonce la passation d’un contrat de vente et d’achat de 20 ans avec PETRONAS
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Business Wire French Language News published ‘Venture Global annonce la passation d’un contrat de vente et d’achat de 20 ans avec PETRONAS’ at 2025-07-03 17:01. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.