Venture Global and Spanish energy giant Naturgy have announced a new long-term Sales and Purchase Agreement (SPA) for 1 million tonnes per annum (MTPA) of U.S. Liquefied Natural Gas (LNG).
Venture Global, Inc. and Naturgy, a leading multinational energy group based in Spain, today confirmed the execution of a new long-term Sales and Purchase Agreement (SPA) for the supply of 1 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG). The landmark agreement is set for a term of twenty years, with deliveries slated to commence in 2030.
This contract represents a significant milestone, marking Spain's first long-term contract for American LNG since Venture Global’s initial agreement with a Spanish company back in 2018. The deal reaffirms the growing energy relationship between the United States and Spain, a partnership in which Venture Global has played a crucial role, having already supplied Spain with 35 cargoes from its operational Calcasieu Pass and Plaquemines facilities.
The SPA is a testament to the robust and sustained global demand for U.S. LNG and Venture Global's continued commercial success. According to the company, this agreement contributes to a total of 5.75 MTPA of long-term contracts signed by Venture Global in 2025 alone, underscoring its rapid execution capabilities in the market.
Mike Sabel, CEO of Venture Global, emphasized the strategic importance of the new partnership. “Venture Global is honored to expand our long-term partnership with Spain through this new agreement with Naturgy, a leading global LNG company,” Sabel stated. He highlighted the broader benefits of the deal, noting that the contract will “positively impact the U.S. balance of trade with Spain and enhance energy security across the region.”
Sabel pointed to the company’s track record, saying, “Our unmatched speed and execution have made Venture Global a trusted, reliable supplier to the global market.” He added that the commercial momentum, particularly over the past six months, reflects the “continued customer confidence in our company and the robust demand for LNG globally.”
The agreement is particularly relevant in the context of Europe's ongoing efforts to diversify its gas supply and enhance energy security following recent geopolitical shifts. Spain, with its extensive network of LNG regasification terminals, is a crucial entry point for U.S. LNG into the European market. By securing a long-term supply from a dependable partner like Venture Global, Naturgy is strengthening its ability to provide flexible, affordable, and secure natural gas to Spanish and potentially other European customers.
This long-term commitment solidifies the commercial relationship between Venture Global and Naturgy, supporting both companies' long-term growth objectives while contributing to the stability and diversification of the European energy landscape.
