Venture Global Locks 1.5 mtpa Vitol Offtake, Secures $8.6bn CP2 Financing
Venture Global has signed a five-year LNG offtake agreement with energy trader Vitol to supply 1.5 mtpa starting this year. The company also secured $8.6bn in financing for second-phase CP2 LNG, complementing $19bn in commitments and boosting its over 100 mtpa capacity pipeline.
1. Venture Global Signs Five-Year Offtake with Vitol
Venture Global agreed to supply Vitol with approximately 1.5 million tonnes per annum of LNG over five years beginning in 2026, locking in long-term revenue streams and expanding its customer base in global LNG trading.
2. Expanding Production Portfolio
The company operates Calcasieu Pass, Plaquemines LNG and CP2 LNG facilities in Louisiana, delivering over 100 mtpa of combined capacity across projects in production, construction and development phases to meet surging global gas demand.
3. CP2 Phase Two Financing Secured
Venture Global completed final investment decision on CP2 phase two, securing $8.6bn in project financing—part of $19bn in phase two commitments and building on $34bn for phase one—without additional external equity.
4. Strategic Impact on Growth and Diversification
The Vitol deal and CP2 financing strengthen revenue visibility, diversify contract tenors and cement Venture Global’s position among the largest US LNG exporters, supporting long-term growth and market share expansion.