EL7.AI
CommoditiesMedium•23 October 2026•
3 min read

QatarEnergy in talks to buy 3 million tonnes of LNG a year from Venture Global

Key Facts

1QatarEnergy is considering buying at least 3 million metric tonnes of LNG a year from Venture Global under a long-term agreement.
2The North Field expansion aims to raise Qatar’s production capacity to 142 million tonnes a year by the end of 2030.
3Venture Global shares closed at $12.81 on October 22, 2026.
4U.S. commercial crude inventories fell by 3.1 million barrels to 412.5 million barrels in the week ended October 16.

QatarEnergy is in advanced talks with Venture Global to buy at least 3 million metric tonnes of liquefied natural gas a year under a long-term supply agreement, Reuters reported, citing 3 people familiar with the negotiations. The proposed volume puts the purchase talks in the context of the Qatari company’s efforts to secure LNG supplies. Reuters was unable to obtain immediate information on a possible signing date or the agreement’s duration. The two companies also did not immediately respond to requests for comment, according to the agency. Details of the proposed deal therefore remain uncertain until the parties announce it.

The talks come as QatarEnergy works to increase its LNG production capacity through successive expansions of the North Field. According to the company’s website, the North Field East project will raise production capacity from 77 million metric tonnes a year to 110 million tonnes. The third phase, the North Field West project, aims to lift it to 142 million tonnes a year by the end of 2030. This target means the increase is part of an expansion plan running through the end of the decade, rather than additional capacity available immediately. That places the volume QatarEnergy is discussing with Venture Global within the broader context of expanding Qatar’s LNG capacity.

In trading, Venture Global shares closed at $12.81 on October 22, 2026, according to EL7 data. The close came on the day the talks were reported, but on its own does not determine their effect on the stock’s movement during the session. The data provided did not include the opening price or the session high and low, so this account is limited to the closing price. The two companies did not immediately comment on the talks, Reuters reported. The available information does not provide a direct reading linking the share price close to the negotiations.

In the broader context of U.S. energy markets, the U.S. Energy Information Administration reported that commercial crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 3.1 million barrels to 412.5 million barrels in the week ended October 16, 2026. The agency said inventories were 3% below the five-year average. The weekly report was published on October 21, according to the official release schedule. These figures concern crude oil, while the talks between QatarEnergy and Venture Global concern LNG. The inventory report remains separate background to the negotiations and does not establish the terms or timing of a potential agreement.

Among upcoming events in the U.S. gas sector, Cheniere Energy said its call to discuss third-quarter results is scheduled for October 29, 2026, at 11:00 a.m. U.S. Eastern Time. The company’s announcement did not indicate that QatarEnergy’s talks with Venture Global would be on the call’s agenda. For now, no date or potential duration for an agreement between the two companies has been announced, Reuters reported. Completion of the agreement and its terms remain subject to what the companies announce later.