ConocoPhillips agrees 20-year LNG purchase from Venture Global
ConocoPhillips agreed to buy one million metric tons per annum of liquefied natural gas from Venture Global for 20 years starting in 2030. The contract adds to ConocoPhillips' broader LNG supply ambition of 10–15 MMtpa and follows other long-term offtakes from NextDecade and Sempra Port Arthur projects. Venture Global plans and operates multiple U.S. export projects including Plaquemines and CP2, with targeted commercial operation dates and regulatory filings; DOE recently approved increased exports for Plaquemines. The deal strengthens long-term U.S. LNG supply ties and affects planned export volumes and market placements.
ConocoPhillips to offtake one MMtpa of LNG for 20 years.
Context
ConocoPhillips has been signing long-term LNG offtake deals. Venture Global is building…
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