ConocoPhillips Signs 20-Year LNG Deal With Venture Global

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ConocoPhillips and Venture Global signed a 20-year agreement for Venture Global to supply 1 million tons of LNG annually beginning in 2030. The deal reflects efforts to expand LNG exposure amid robust demand and geopolitical uncertainty affecting prices.

ConocoPhillips and Venture Global have signed a deal that would see the liquefied natural gas major supply 1 million tons to Conoco beginning in 2030. The deal is part of a broader trend in energy to boost LNG exposure after QatarEnergy’s force majeure, with the outlook for LNG demand remaining robust despite geopolitics and their effect on prices. “Venture Global is proud to welcome ConocoPhillips, one of the world's leading energy companies, as a long-term partner,” the company’s chief executive Mike Sabel said. “This…