Venture Global Inc. has announced the execution of a new 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas $(LNG)$ from Venture Global's third facility, CP2 LNG, over the next two decades. This new deal builds upon an existing agreement for 1 MTPA of LNG supply from Venture Global's Plaquemines LNG facility. PETRONAS joins a diverse group of CP2 LNG customers across Europe, Asia, and other regions, contributing to global energy supply and security. So far, approximately 10.75 MTPA of the CP2 Phase One's 14.4 MTPA nameplate capacity has been sold.
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