Venture Global climbs on LNG supply with Italy's ENI

Shares of LNG company Venture Global VG.N rise 2% to $16.89 premarket

Venture Global to supply 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Calcasieu Pass 2 (CP2) project to Italy's Eni ENI.MI for 20 years

This deal marks Eni's first ever long-term agreement with a U.S. LNG producer

Part of LNG volumes will contribute to the diversification of Europe's gas supplies, Eni said in a statement

VG says to date about 13.5 MTPA of CP2 Phase One has been sold, which brings total contracted capacity for the company's projects to 43.5 MTPA