Venture Global announces 20-year sales, purchase agreement with PETRONAS

Venture Global (VG) announced the execution of a new 20-year Sales and Purchase Agreement, SPA, with PETRONAS, a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 million tonnes per annum of liquefied natural gas from Venture Global’s third facility, CP2 LNG, for 20 years. This builds upon Venture Global’s existing agreement with PETRONAS for 1 MTPA of LNG supply from Plaquemines LNG.