Venture Global Inc. (NYSE: VG) and Vitol executed a binding agreement for the purchase of approximately 1.5 million tonnes per annum of U.S. liquefied natural gas for five years beginning in 2026, according to a company statement.

The LNG will be supplied from Venture Global's portfolio of facilities. The agreement represents part of Venture Global's strategy to offer customers short, medium, and long-term LNG supply options.

"Global demand for flexible, reliable U.S. LNG is rapidly growing, and Venture Global is proud to work with premier LNG trading companies like Vitol to provide this critical supply to the market," said Venture Global CEO Mike Sabel.

Pablo Galante Escobar, Global Head of LNG at Vitol, stated the transaction allows Vitol to expand its supply base and offer diverse energy sources to customers worldwide.

Venture Global operates as a U.S. LNG producer and exporter with over 100 million tonnes per annum of capacity across production, construction, and development phases. The company began LNG production from its first facility in 2022 and operates three projects in Louisiana: Calcasieu Pass, Plaquemines LNG, and CP2 LNG.

Vitol, founded in Rotterdam in 1966, operates from approximately 40 offices worldwide. The company reported revenues of $340 billion in 2025 and delivered 23 million metric tons of LNG during the same period. Vitol has participated in LNG markets since the mid-2000s and maintains investments totaling over $13 billion in long-term assets.