Venture Global Inc. and Tokyo Gas Co. Ltd. has agreed to a 20-year LNG sales and purchase agreement.
Under the terms of the agreement, Tokyo Gas will procure one million tonnes per annum of LNG from Venture Global, starting in 2030.
The deal marks Venture Global’s fourth long-term contract with a Japanese company and 7.75MTPA of long-term contracts signed by Venture Global to date in 2025.
“With nearly 8 MTPA of new long-term commitments signed this year, Venture Global is pleased to build on our commercial momentum through this new partnership with Tokyo Gas,” said Venture Global CEO Mike Sabel.
“Tokyo Gas is a pioneer in the LNG industry and leading provider of natural gas to Japan, and we look forward to working with them as we grow our position as a top LNG supplier to Japan.
“This agreement will contribute significantly to the US-Japan balance of trade over the duration of the SPA, providing Japan with affordable, reliable American LNG.”
Tokyo Gas is Japan’s largest city gas supplier. The agreement with Venture Global is the latest in the Japanese company’s moves to diversify its energy sources.
In October, Tokyo Gas signed a preliminary agreement to purchase LNG from Alaska.
