Trafigura, Venture Global sign five‑year US LNG supply deal
March 2 (Reuters) - Venture Global VG.N has agreed to sell about 0.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas to commodity trader Trafigura for five years, starting in 2026, the companies said on Monday.
The agreement marks the latest move by Trafigura to secure North American LNG, while Venture Global continues to expand its commercial footprint ahead of new project milestones.
The deal underscores continued demand for flexible U.S. LNG as buyers and traders reposition, even as forecasts suggest the global market will move toward a more balanced outlook later this year.
"Global energy demand is stronger than ever, and this is an important step in executing our strategy of adding more mid-term agreements, which will diversify the tenor of our LNG portfolio," said Venture Global CEO Mike Sable.
Last week, the company signed a 20-year sales and purchase agreement with Korea's Hannah Aerospace 012450.KS for 1.5 mtpa of liquefied natural gas.
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