Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has executed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Mitsui & Co.
As disclosed by the U.S. player, the deal provides for Mitsui’s purchase of 1 million tonnes per annum (mtpa) of LNG from Venture Global for a period of 20 years, commencing in 2029.
“Venture Global is honored to announce our new partnership with Mitsui, a distinguished leader in the LNG industry, to further increase the flow of U.S. LNG to Japan and the global market,” said Mike Sabel , CEO of Venture Global.
“This collaboration between our two companies will strengthen energy security, enhance the balance of trade, and deepen the long-standing ties between our nations. This agreement builds upon our existing long-term relationships with Japanese companies, and we are deeply grateful for their continued trust in Venture Global.”
This comes on the heels of two long-term LNG deals the U.S. player recently inked with European players, one with Greece’s Atlantic-See LNG , and another with Spain’s Naturgy .
Venture Global operates three LNG facilities along the Gulf of America Coast of Louisiana. The first one, Calcasieu Pass , started production in January 2022. The second facility, Plaquemines LNG , followed suit in December 2024. The firm’s third facility, CP2 LNG , recently received the final export authorization from the U.S. Department of Energy (DOE).
A fourth LNG plant, CP3 , is in the development stage. Located near Calcasieu and the CP2, this project is designed as a natural gas liquefaction and export facility. Once complete, it is expected to have an export capacity of at least 30 mtpa.