Venture Global, Eni Announced 20Yr LNG Sales, Purchase Deal


   
Dawn Gallagher
DTN Energy Reporter

   OAKHURST, N.J. (DTN) --- Venture Global, Inc. and Italy-based Eni S.P.A. 
today announced the execution of a new sales and purchase agreement for the 
purchase of 2 million tonnes per annum of liquefied natural gas from CP2 LNG, 
Venture Globa's third project, for 20 years.

   CP2 LNG, with a peak production capacity of 28 MTPA, is currently under 
development in Cameron Parish, Louisiana.

   This deal marks Eni's first ever long-term agreement with a U.S. LNG 
producer. To date, approximately 13.5 MTPA of CP2 Phase One has been sold, 
raising the total contracted capacity for all of Venture Global's projects to 
43.5 MTPA.

   "We are honored that Eni, a leading innovator and global gas player, has 
chosen Venture Global as their first American LNG supplier. Italy is an 
important ally and trading partner to the United States, and we are grateful 
for the trust of Eni as our newest customer. This deal marks a significant 
milestone for the company and is further recognition of our growing global 
energy leadership and strong record of execution," said Mike Sable, CEO of 
Venture Global.

   To date, Venture Global has supplied Italy with nearly 40 cargoes of U.S. 
LNG from its Calcasieu Pass and Plaquemines LNG facilities.




(c) Copyright 2025 DTN, LLC. All rights reserved.