Daily Market Updates: ConocoPhillips to buy 1 million tons of LNG from Venture Global

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ConocoPhillips to buy 1 million tons of LNG from Venture Global

The supply is scheduled to start in 2030 under a 20-year agreement between ConocoPhillips and Venture Global, according to OilPrice.

Reported · Written up by our desk · Energy

ConocoPhillips has signed a 20-year liquefied natural gas supply deal with Venture Global, under which Venture Global will supply 1 million tons of LNG to Conoco starting in 2030, OilPrice reported.

The agreement is positioned within a wider push in the energy sector to increase LNG exposure following a QatarEnergy force majeure, with OilPrice citing expectations that LNG demand will remain robust despite geopolitical effects on prices.

Latest closeNat gas $3.136 ▼2.1%

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Sources

OilPriceConocoPhillips Signs 20-Year LNG Deal With Venture Global

Commodities

ConocoPhillips to buy 1 million tons of LNG from Venture Global

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