CommoditiesMedium•2 October 2026•
1 min read
ConocoPhillips Signs 20-Year LNG Supply Agreement with Venture Global
Key Facts
1ConocoPhillips signed an agreement to purchase one million metric tons of LNG annually from Venture Global for 20 years starting in 2030.
ConocoPhillips signed an agreement to purchase one million metric tons of LNG annually from Venture Global for a 20-year term. Reuters reported that the long-term supply deal is scheduled to commence in 2030.
The agreement supports ConocoPhillips' strategy to reach an LNG offtake target of 10-15 million metric tons per annum. Shares of COP closed at $127.06 on October 1, 2026, while VG closed at $12.77 on the same date.