Venture Global and Eni Announce Landmark 20-Year LNG Sale and Purchase Agreement
Venture Global LNG, Inc. and Eni S.p.A. have officially announced a significant 20-year Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA). This agreement marks a pivotal moment in the global energy landscape, solidifying a long-term partnership between two major players in the LNG sector.
The agreement will see Eni purchase 1 million tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility, currently under construction in Louisiana. This substantial commitment underscores Eni’s strategic intent to secure reliable and competitively priced LNG supply for its diverse European and global markets.
Plaquemines LNG, one of Venture Global’s flagship projects, is being developed with a focus on efficient production and state-of-the-art technology. The facility is designed to be a significant contributor to global LNG supply, offering flexibility and reliability to its customers.
This 20-year SPA represents a crucial step in Venture Global’s mission to bring its innovative and cost-effective LNG projects to fruition. The company has been actively developing its portfolio of LNG export facilities in North America, aiming to provide much-needed energy resources to international markets.
The collaboration between Venture Global and Eni highlights the growing demand for LNG as a cleaner and more flexible energy source, particularly in Europe, as nations continue to diversify their energy portfolios and enhance their energy security. This agreement is expected to contribute significantly to meeting those evolving energy needs.
With this agreement, both companies are poised to strengthen their positions in the dynamic global LNG market. Venture Global will benefit from a secure, long-term off-taker for its Plaquemines LNG production, while Eni will gain access to a consistent and substantial supply of U.S. LNG, bolstering its trading and supply capabilities. The industry will be keenly watching the progress of this partnership and its impact on global energy flows.
Venture Global et Eni annoncent un accord de vente et d’achat de GNL d’une durée de 20 ans
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Business Wire French Language News published ‘Venture Global et Eni annoncent un accord de vente et d’achat de GNL d’une durée de 20 ans’ at 2025-07-17 04:24. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.