ARLINGTON, Va., December 26, 2022 /CNW/ — Venture Global LNG and INPEX CORPORATION (INPEX) today announced that they have entered into a long-term sale and purchase agreement (SPA) for the purchase of one million tonnes per year (1MTPA) of liquefied natural gas (LNG). for 20 years. Under the terms of the agreement, INPEX Energy Trading Singapore Pte. ltd (IETS), op Singapore-based subsidiary of INPEX, will purchase 1 MTPA LNG from CP2 LNG, Venture Global’s third project, which is expected to start construction in 2023. INPEX joins other CP2 LNG customers including ExxonMobil, Chevron, EnBW and New Fortress Energy.

“Venture Global is pleased to welcome INPEX, Japan’s largest gas exploration and production company, join CP2 as a customer and expand our customer base in Asia,” said Venture Global CEO Mike Sabel. “We are honored to provide secure LNG supply to this key market and look forward to supporting INPEX as it delivers our competitive, lower-carbon energy to the region.”

“This agreement will allow INPEX Group to source LNG from The United States expand its LNG supply capacity in the long term and diversify its supply sources to further contribute to stable energy supply,” the company said Hiroshi KatoExecutive Officer and Senior Vice President of Global Energy Marketing at INPEX.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of US LNG sourced from resource-rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, began producing LNG in January 2022. The Company is also building or developing an additional production capacity of 60 MTPA in Louisiana to provide the world with clean, affordable energy. The company is developing carbon capture and sequestration (CCS) projects at each of its LNG plants.

For more information visit https://www.venturegloballng.com

About INPEX

INPEX CORPORATION is Japan’s largest exploration and production (E&P) company and is currently involved in projects…