Asia’s LNG scramble gives Venture Global a fresh opening

Group 1 - Venture Global entered March with a significant 20-year sales and purchase agreement with Hanwha Aerospace for 1.5 million tonnes per annum of LNG starting in 2030, marking its first long-term supply agreement with a Korean entity [1][2] - The Hanwha agreement increased Venture Global's long-term contracted portfolio to over 46 million tonnes per annum, with Hanwha planning to distribute LNG to customers in Europe and Asia [2][3] - The company reported signing approximately 9.75 million tonnes per annum of new contracted quantities from 2025 through early March 2026, indicating continued buyer interest in long-term U.S. LNG deals [5] Group 2 - Venture Global announced the final investment decision and financial close for Phase 2 of the CP2 LNG project, with total financing reaching $8.6 billion, bringing total project financing for CP2 to $20.7 billion [6][7] - CP2 has a peak production capacity of 29 million tonnes per annum and has contracted nearly all of its nameplate capacity on a long-term basis, primarily with customers in Europe and Asia [7] - The company projects full-year 2025 revenue of $13.8 billion, net income of $2.3 billion, and adjusted EBITDA of $6.3 billion, with 380 LNG cargoes expected to be exported [8][10]