Venture Global and Tokyo Gas announced the execution of a new, long-term liquefied natural gas (LNG) Sales and Purchase Agreement (SPA).
Under the SPA, Tokyo Gas will procure 1
million tonnes per annum (MTPA) of LNG from Venture Global for 20 years,
starting in 2030.
This deal marks 7.75MTPA of SPAs signed by
Venture Global in the last six months.
“With nearly 8 MTPA of new long-term
commitments signed this year, Venture Global is pleased to build on our
commercial momentum through this new partnership with Tokyo Gas,” said Venture
Global CEO Mike Sabel. “Tokyo Gas is a pioneer in the LNG industry and leading
provider of natural gas to Japan, and we look forward to working with them as
we grow our position as a top LNG supplier to Japan. This agreement will
contribute significantly to the US-Japan balance of trade over the duration of
the SPA, providing Japan with affordable, reliable American LNG.” -TradeArabia News Service
