ARLINGTON, Va.–(BUSINESS WIRE)–Today, Venture Global, Inc. (NYSE: VG) announced the signing of a new 20-year Purchase Agreement (MPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of Malaysian state-owned oil and gas company PETRONAS. Under the terms of the MPA, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third facility, CP2 LNG, for 20 years. This is in addition to the existing agreement between Venture Global and PETRONAS for the supply of 1 MTPA of LNG from Plaquemines LNG.
PETRONAS, a Tier 1 partner in the LNG sector, joins other CP2 LNG customers in Europe, Asia, and the rest of the world in a project of strategic importance to global energy supply and security. To date, approximately 10.75 MTPA of the 14.4 MTPA nameplate capacity of CP2 Phase One has been sold.
About Venture Global
Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource-rich North American natural gas basins. Venture Global’s business includes assets across the LNG supply chain, including LNG production, natural gas transportation, shipping, and regasification. Venture Global’s first facility, Calcasieu Pass, began producing LNG in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, achieved first LNG production in December 2024. The company is currently building and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing carbon capture and sequestration projects at each of its LNG facilities.
Forward-looking statements
This press release contains forward-looking statements. We intend that such forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements included in this document, other than those relating to historical facts, constitute “forward-looking statements.” In some cases, forward-looking statements can be identified by terms such as “may,” “could,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of those terms, or other comparable terminology.
These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, may include statements concerning our future performance, our contracts, our anticipated growth strategies, and trends impacting our business. These statements are solely predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied by the forward-looking statements. These factors include our need for significant additional capital to construct and complete future projects and related assets, and our possible inability to secure such financing on acceptable terms, or at all; our possible inability to accurately estimate the costs of our projects; and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects may suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, lack of availability of qualified workers, operational risks, and other risks; Uncertainty regarding the future of global trade dynamics, international trade agreements, and the United States’ position on international trade, including the effects of tariffs; our dependence on our EPC and other contractors for the successful completion of our projects, including the potential inability of our contractors to perform their obligations under their contracts; various economic and political factors, including opposition from environmental or other public interest groups, or a lack of required local government and community support for our projects, which could adversely affect the permitting status, schedule, or overall development, construction, and operation of our projects; and risks related to other factors discussed under “Item 1A—Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) and any subsequent reports filed with the SEC.
The forward-looking statements contained herein speak only as of the date of this press release and are based on assumptions we believe to be reasonable at the time of this release. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as required by law.
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Global Venture Contracts
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