Venture Global, Germany's EnBW Sign LNG Supply Deal Through 2031

A German utility has secured additional U.S. LNG volumes as European buyers continue to seek supply flexibility beyond traditional long-term contracts.

(P&GJ) — Venture Global and German utility EnBW have signed new agreements for the supply of approximately 0.82 million tonnes per year (MMtpy) of liquefied natural gas from the U.S. producer's portfolio over a five-year period beginning in 2026.

The new contracts supplement existing long-term sales and purchase agreements between the companies covering 2 MMtpy of LNG over 20 years.

The LNG will be sourced from Venture Global's portfolio of export facilities, which includes Calcasieu Pass, Plaquemines LNG and the under-development CP2 LNG project in Louisiana.

Chief Executive Officer Mike Sabel said the agreements expand the company's existing relationship with EnBW and support European energy supply needs.

"As one of Germany's leading LNG suppliers, we are pleased to expand our relationship with EnBW and support the region's energy security with additional LNG supply," Sabel said.

Venture Global has become one of the largest LNG exporters in the United States, with more than 100 MMtpy of LNG production, construction and development capacity across its portfolio. The company said the new agreements provide EnBW with additional mid-term LNG volumes while strengthening Venture Global's position in the European market.