Venture Global and Eni sign 20-year LNG supply agreement

ARLINGTON, Va. - Venture Global, Inc. (NYSE:VG), a $40 billion market cap LNG producer currently trading at $16.56, and Italy’s Eni S.P.A. have signed a Sales and Purchase Agreement for 2 million tonnes per annum (MTPA) of liquefied natural gas from Venture Global’s CP2 LNG project, the companies announced Wednesday. According to InvestingPro data, analysts anticipate strong sales growth for Venture Global this year.

The 20-year agreement represents Eni’s first long-term contract with a U.S. LNG producer. The deal brings CP2 Phase One’s contracted capacity to approximately 13.5 MTPA and increases Venture Global’s total contracted capacity across all projects to 43.5 MTPA. With a current ratio of 1.73, the company maintains healthy liquidity to support its operations, though InvestingPro analysis indicates it operates with a significant debt burden.

"Italy is an important ally and trading partner to the United States, and we are grateful for the trust of Eni as our newest customer," said Mike Sabel, CEO of Venture Global, in a statement from the press release.

Venture Global has already supplied Italy with nearly 40 LNG cargoes from its Calcasieu Pass and Plaquemines LNG facilities, according to the company.

CP2 LNG is Venture Global’s third project, located in Louisiana along the Gulf of America. The company describes itself as an American producer and exporter of U.S. liquefied natural gas with over 100 MTPA of capacity in production, construction, or development.

Eni operates in over 60 countries across the energy sector value chain, including hydrocarbon exploration and production, trading, refining, power generation, and research and development.

The information in this article is based on a company press release statement. For deeper insights into Venture Global’s financial health (currently rated as FAIR by InvestingPro), including 13 additional ProTips and comprehensive valuation metrics, explore the detailed Pro Research Report available exclusively to InvestingPro subscribers.

In other recent news, Venture Global reported its liquefied natural gas (LNG) export volumes and fees for the second quarter of 2025. The company exported 38 cargos totaling approximately 140.2 trillion British thermal units (TBtu) from its Calcasieu Pass facility and 51 cargos totaling roughly 190.5 TBtu from its Plaquemines LNG facility. Meanwhile, Goldman Sachs has raised its price target for Venture Global to $18.00, maintaining a Buy rating, ahead of the company’s upcoming second-quarter results, expecting higher EBITDA than consensus estimates. Scotiabank also adjusted its price target for the company to $16.00, while maintaining a Sector Perform rating, following the company’s recent 8-K filing detailing volumes and fees. Additionally, Venture Global expanded its LNG supply agreement with Germany’s SEFE, increasing the total volume to 3.0 million tonnes per annum under a 20-year contract. Furthermore, the company announced a new 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., adding another 1 million tonnes per annum from its CP2 LNG facility. These developments underscore Venture Global’s growing international partnerships and expanding LNG capacity. The company’s net income, cash flow, and other financial results for the second quarter are expected to be detailed in its forthcoming earnings report.

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