APAC

Venture Global and Tokyo Gas sign 20-year LNG deal

Venture Global, Inc. and Tokyo Gas Co., Ltd. have made it public that a new long-term liquefied natural gas purchase and sale agreement has been concluded by them. This contract allows for Tokyo Gas to acquire 1 million tons of LNG per year from Venture Global over a period of 20 years. The deliveries will start in 2030. This deal is Venture Global’s fourth long-term contract with a Japanese company. Over the past six months, the company has signed a total of 7.75 million tons per year in long-term LNG agreements. That shows the strong demand for U.S. LNG in Japan and the wider Asian market. The agreement will give Tokyo Gas a stable supply of LNG to meet its long-term energy needs and help with energy security. For Venture…