Venture Global to supply 1mtpa of LNG to Tokyo Gas for 20 years

Group 1: Agreement Details - Venture Global and Tokyo Gas have signed a long-term LNG sales and purchase agreement for one million tonnes per annum (mtpa) over a 20-year period starting in 2030 [1] - This agreement increases Venture Global's total signed SPAs in the past six months to 7.75mtpa [1] Group 2: Company Profiles - Tokyo Gas is Japan's largest city gas supplier with a diverse energy portfolio that includes LNG procurement, power generation, and renewable energy investments [2] - Venture Global is a US producer and exporter of low-cost LNG, claiming over 100mtpa of capacity in production, under construction, or in development [2] Group 3: Operational Insights - Venture Global began LNG production in 2022 and operates a vertically integrated business model encompassing LNG production, natural gas transport, regasification, and shipping [3] - The company's initial three projects are located in Louisiana along the Gulf of Mexico, and it is also focused on carbon capture and sequestration projects at its LNG sites [3] Group 4: Strategic Comments - Venture Global's CEO highlighted the significance of the new partnership with Tokyo Gas, noting nearly 8mtpa of new long-term commitments signed this year [4] - The agreement is expected to enhance the US-Japan balance of trade by providing Japan with affordable and reliable American LNG [5]