Venture Global, Germany's EnBW expand partnership with new LNG contract
Venture Global VG.N said it has expanded on its agreements with Germany's EnBW by signing another deal to supply about 0.82 million metric tons per year of liquefied natural gas for around five years from 2026.
The deal builds on the two companies' earlier agreements for supply of 2 MMtpy over 20 years, as Germany and Europe seek to strengthen energy security.
The agreement is Venture Global's sixth with European buyers since March.
European utilities have increasingly locked in long-term LNG contracts to reduce exposure to volatile spot markets and secure supply following disruptions linked to geopolitical tensions.
Venture Global, which began LNG production in 2022, is expanding capacity at its Louisiana facilities, including Calcasieu Pass, Plaquemines LNG and CP2 LNG.
The company has said its combined projects in operation, construction and development exceed 100 MMtpy. It is also investing in carbon capture tied to its export plants.
Last week, the U.S. exporter said it had doubled agreed volumes under a revised deal with Greece's Atlantic SEE LNG Trade to supply at least 1 MMtpy from 2030.
Related News
Related News
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Japan got bulk of Russian LNG from Sakhalin-2 in 2025
Comments