Venture Global and Vitol have announced a significant five-year agreement for the purchase of liquefied natural gas (LNG). Commencing in 2026, the deal will see Venture Global supply approximately 1.5 million tonnes per annum (MTPA) of U.S. LNG from its portfolio to Vitol, a leading global energy and commodities company. This collaboration underscores the growing global demand for flexible and reliable U.S. LNG.
The agreement marks a crucial step in diversifying the tenor of Venture Global’s LNG portfolio, offering customers a range of short, medium, and long-term supply options. Mike Sabel, CEO of Venture Global, highlighted the increasing global demand for U.S. LNG and expressed pride in partnering with a premier trading company like Vitol to meet this need.
Pablo Galante Escobar, Global Head of LNG at Vitol, emphasized the importance of LNG to economies worldwide and stated that this transaction enhances Vitol’s ability to provide diverse and dependable energy sources to its global clientele. Vitol, a long-established player in the LNG markets since the mid-2000s, brings extensive experience and a diversified portfolio to this partnership.
Venture Global is a prominent American producer and exporter of low-cost U.S. LNG, boasting over 100 MTPA of capacity in various stages of development. The company began LNG production in 2022 and is recognized as one of the largest LNG exporters in the United States. Its integrated business model spans LNG production, natural gas transport, shipping, and regasification, with major projects located in Louisiana.
Vitol, founded in 1966, is a global leader in energy and commodities trading, with a significant presence in infrastructure investment. The company serves customers worldwide from approximately 40 offices and has a substantial track record in the LNG market, delivering millions of metric tonnes of LNG annually.