Venture Global Signs 20-Year Deal with Hanwha for 1.5 MTPA LNG
Venture Global has agreed to sell 1.5 MTPA of U.S. LNG to Hanwha Aerospace under a 20-year contract beginning in 2030, raising its long-term contracted portfolio to over 46 MTPA. The deal supports its strategy to enhance Asia supply as liquefied natural gas demand grows.
1. Deal Details
Venture Global and Hanwha Aerospace have entered a 20-year sales and purchase agreement for 1.5 million tonnes per annum of U.S. liquefied natural gas, with deliveries set to commence in 2030. This marks the first agreement between the two companies and establishes a new bilateral energy link between the U.S. and South Korea.
2. Contracted Portfolio Growth
With this addition, Venture Global’s long-term contracted volume surpasses 46 MTPA, further strengthening its portfolio alongside existing agreements. The company’s total capacity under production, construction or development already exceeds 100 MTPA in Louisiana projects such as Calcasieu Pass and Plaquemines LNG.
3. Strategic Implications
The Hanwha deal expands Venture Global’s reach into Asian markets, where LNG demand continues to accelerate due to energy security and decarbonization goals. This alignment with global growth trends positions the company to capitalize on long-term cash flows and reinforces its role as a low-cost LNG supplier.