Venture Global Seals 20-Year LNG Supply Deal With Tokyo Gas

Core Viewpoint - Venture Global has secured a long-term LNG supply agreement with Tokyo Gas, highlighting the growing demand for U.S. LNG in Japan and strengthening U.S.-Japan energy trade ties [1][3][5]. Group 1: Agreement Details - Venture Global will supply Tokyo Gas with 1 million tonnes per annum (MTPA) of LNG for 20 years starting in 2030 [1]. - This agreement marks Venture Global's fourth long-term contract with a Japanese buyer, increasing its contracted volumes to 7.75 MTPA by 2025 [2]. Group 2: Market Context - The deal reflects a trend of Japanese utilities securing long-term U.S. LNG contracts amid supply-tightness and energy security concerns [2][5]. - Tokyo Gas is diversifying its LNG portfolio to stabilize pricing and mitigate spot-market volatility, indicating a strategic shift in Japan's energy procurement [3][5]. Group 3: Company Positioning - The contract enhances Venture Global's status as a rapidly growing LNG exporter, with over 100 MTPA of capacity in production, construction, or development [4]. - The agreement supports future expansions and the company's integrated strategy across various LNG-related operations, including carbon-capture projects [4].