Venture Global LNG Signs 20-Year Sale and Purchase Agreement with JERA

Today Venture Global LNG announced the signing of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. The agreement is for the sale of 1 million tonnes per annum (MTPA) of LNG from CP2 LNG for 20 years. CP2 LNG is Venture Global's third LNG export project and is expected to begin construction later this year. Venture Global LNG has announced SPAs for over a third of the 20MTPA nameplate facility of CP2 LNG.

The CP2 LNG terminal project is adjacent to Venture Global LNG’s Calcasieu Pass LNG facility in Cameron Parish, Louisiana. The proposed pipeline route will originate in Jasper County, Texas and pass through Newton County, Texas and Calcasieu Parish, Louisiana before it ends at the CP2 LNG terminal in Cameron Parish.

"Venture Global is thrilled to be expanding our partnership with JERA, one of the world's premiere energy providers and largest buyers of LNG," said Mike Sabel, CEO of Venture Global LNG. "Japan has taken a pragmatic approach to ensuring its energy security while advancing environmental progress. We are honored to supply our growing customer base in Japan with a clean and reliable source of lower carbon energy and look forward to supporting JERA in its efforts to bring LNG to the region for many years to come."

Venture Global's first facility, Calcasieu Pass, started producing the first LNG in January 2022. Venture Global LNG is constructing or developing an additional 60 MTPA of production capacity in Louisiana. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.