PETRONAS, through its subsidiary PETRONAS LNG Ltd., has signed a 20-year Sale and Purchase Agreement (SPA) with Venture Global for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG). Under the agreement, the LNG will be sourced from CP2 LNG Phase 1, Venture Global’s 14.4 MTPA facility currently under development in Cameron Parish, Louisiana, the United States.

This long-term LNG SPA further reinforces PETRONAS’ global LNG portfolio and underscores its commitment to delivering reliable energy supply to meet growing global demand. The collaboration with Venture Global is expected to provide PETRONAS with greater supply agility and flexibility, strengthening PETRONAS’ ability to serve evolving market needs across key regions.

“As energy demand rises and the global LNG landscape evolves, our priority is to provide customers with reliable supply and long-term value. This agreement reflects our ongoing efforts to enhance supply accessibility through strategic industry collaboration, enabling us to respond to dynamic market conditions with greater agility,” said Shamsairi M Ibrahim, Vice President of PETRONAS LNG Marketing and Trading.

About Petronas

Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.

As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.

About Venture Global

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

Ensuring sustainable practices across our operations is important to how we conduct our business. Our goal is to achieve net zero carbon emissions by 2050, and we strive to be a valuable partner to our stakeholders in transitioning to a lower carbon energy future in a just and responsible manner.