Venture Global, ConocoPhillips sign 20-year LNG supply deal

· Energy · United States

Venture Global and ConocoPhillips have signed a 20-year liquefied natural gas (LNG) supply agreement, securing long-term U.S. energy supply starting in 2030. The deal is described as playing the long game, reflecting both companies' bet on sustained global demand for U.S. LNG well into the next decade. Venture Global is a major U.S. LNG exporter, while ConocoPhillips is one of the world's largest independent exploration and production companies. The agreement extends the trend of long-dated U.S. LNG contracts that buyers and sellers use to underpin financing and market certainty for new export capacity. The volumes and financial terms were not disclosed in the report.

Why it matters：Long-dated U.S. LNG contracts are the financial backbone of new export projects, and this deal shows buyers locking in supply well ahead to hedge against global price and geopolitical volatility.

Key points

  • The agreement runs for 20 years and begins in 2030.
  • It covers U.S. LNG supply from Venture Global to ConocoPhillips.
  • Volumes and financial terms were not disclosed.

Sources (original reporting)

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