This agreement entails the purchase of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s upcoming CP2 LNG facility.
Venture Global, Inc. revealed on July 3,2025, the execution of a new, long-term Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a key subsidiary of the Malaysian state-owned oil and gas conglomerate, PETRONAS. The landmark agreement, spanning two decades, solidifies PETRONAS's commitment to purchasing 1 million tonnes per annum (MTPA) of liquefied natural gas from Venture Global's highly anticipated third facility, CP2 LNG.
This new deal is a testament to the strengthening partnership between the two energy giants, building upon an existing agreement where PETRONAS already procures 1 MTPA of LNG from Venture Global's Plaquemines LNG facility. The expansion of this collaboration underscores the growing global demand for reliable and affordable U.S. LNG, particularly as nations seek to diversify their energy sources and enhance energy security.
The CP2 LNG project, Venture Global's third liquefaction and export facility, is strategically positioned to become a critical component of the global energy landscape. Its importance is further highlighted by the roster of world-class partners it has attracted, with PETRONAS now joining a diverse group of customers from Europe, Asia, and other regions worldwide. This widespread international interest in CP2 LNG signals its pivotal role in meeting future energy needs.
To date, approximately 10.75 MTPA of the 14.4 MTPA nameplate capacity for CP2 Phase One has already been secured through various SPAs. This significant pre-sale volume demonstrates strong market confidence in Venture Global's execution capabilities and the inherent value proposition of its low-cost, long-term LNG supply.
Venture Global has rapidly emerged as a leading U.S. LNG provider, leveraging its innovative approach to project development and construction. The company's business model encompasses the entire LNG supply chain, from natural gas sourcing in resource-rich North American basins to LNG production, transport, shipping, and regasification. This integrated approach allows Venture Global to offer competitive pricing and ensure consistent supply.
The company has a proven track record of bringing large-scale LNG projects online efficiently. Its first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. Following closely, the second facility, Plaquemines LNG, successfully achieved first production of LNG in December 2024. These rapid advancements underscore Venture Global's commitment to delivering vital energy infrastructure to the global market.
Venture Global is currently engaged in the construction and development of over 100 MTPA of nameplate production capacity.
