Venture Global, Eni enter 20-year LNG sales and purchase agreement

Venture Global (VG) and Eni (E) announced the execution of a new sales and purchase agreement for the purchase of 2M tons per annum of liquefied natural gas from CP2 LNG, Venture Global’s third project, for 20 years. 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. To date, Venture Global has supplied Italy with nearly 40 cargoes of U.S. LNG from its Calcasieu Pass and Plaquemines LNG facilities.