Venture Global Lands 20-Year LNG Supply Deal for 1.5M Tons
Venture Global secured a 20-year contract to supply 1.5 million tons of LNG to South Korean Hanwha Aerospace as part of $56 billion in U.S. energy deals with Asian buyers. The forum also advanced a $14 billion, 13 million-ton Delfin LNG project co-developed by U.S. and Korean partners.
1. VG Secures 20-Year LNG Contract with Hanwha Aerospace
At the Indo-Pacific Energy Security Forum in Tokyo, Venture Global agreed to supply 1.5 million tons of liquefied natural gas to Hanwha Aerospace over 20 years. This deal represents VG’s largest long-term Asian commitment, strengthening its foothold in South Korea’s growing LNG market.
2. Forum Spurs $56 Billion in U.S.-Asia Energy Deals
The same forum facilitated $56 billion in U.S. energy agreements with Asian nations, including coal power plant equipment contracts and a joint development deal for the $14 billion, 13 million-ton Delfin LNG floating project off Louisiana. The flurry of agreements underscores shifting Asian demand toward North American energy sources.