Under the deal, Vitol will purchase approximately 1.5 million tonnes per annum (mtpa) of LNG from Venture Global for five years commencing in 2026, according to a Venture Global statement.
Venture Global said the volumes will be supplied from its portfolio.
The firm did not provide further details.
“Global demand for flexible, reliable US LNG is rapidly growing, and Venture Global is proud to work with premier LNG trading companies like Vitol to provide this critical supply to the market,” said Venture Global CEO Mike Sabel.
“Thanks to our innovative model, we have the ability to provide our customers with short, medium, and long-term LNG supply, and this agreement is another important step in diversifying the tenor of our LNG portfolio,” he said.
Pablo Galante Escobar, global head of LNG at Vitol, said “LNG is important to many economies worldwide.”
“Through this transaction, Vitol is expanding its supply base to be able to offer diverse and reliable sources of energy to our customers and partners around the world,” he said.
The new deal comes at a time when QatarEnergy’s giant Ras Laffan LNG complex has been damaged following missile attacks, while Adnoc’s gas and LNG unit, Adnoc Gas, made “temporary adjustments” to its LNG production in response to ongoing shipping disruption in the Strait of Hormuz.
Vitol has been trading LNG for over 20 years.
Vitol’s LNG volumes grew to about 18 million tonnes of LNG in 2024 as demand increased and prices moderated from the peaks of 2022 and 2023.
Venture Global to sign new deals
Venture Global’s Sabel recently said that the company anticipates signing additional short-and long-term LNG supply contracts in the near term.
Sabel said during Venture Global’s fourth-quarter earnings call that the company now has 69 percent of expected production capacity contracted, a percentage that “should rise quickly as we anticipate signing additional short- to intermediate- and long-term contracts in the near term.”
The CEO and founder noted during the call that since the company re-entered the contracting market in April last year, Venture Global has signed 9.25 mtps of new 20-year SPAs with a “fantastic portfolio of customers.”
Venture Global recently announced a 20-year deal with Hanwha AeroSpace and a five-year deal with Trafigura.
These two new binding agreements add to the four the company signed in the fourth quarter of 2025 with Naturgy, Atlantic–See LNG Trade, Mitsui, and Tokyo Gas.
Venture Global just took a final investment decision (FID) on the second phase of its CP2 LNG project in Louisiana.
CP2 will have a peak production capacity of 29 mtpa and has contracted to sell nearly all of its nameplate capacity on a long-term basis with customers predominantly located in Europe and Asia.
The CP2 LNG plant site is situated adjacent to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April last year.
In addition, Venture Global expects to be able to add approximately 13 mtpa of bolt-on capacity at both CP2 and its Plaquemines LNG plant.
