COP · News · 20261001N
LNG Offtake Expansion
CONOCOPHILLIPS · 2026-10-01 · Importance 46 · Surprise 42 · In source text
ConocoPhillips signed a 20-year LNG supply agreement with Venture Global for 1.0 million tonnes per annum beginning in 2030. The agreement expands ConocoPhillips’ LNG portfolio through supply from Venture Global’s Louisiana projects, which have substantial capacity under development or construction. The deal adds long-term U.S. Gulf Coast LNG sourcing amid reported disruption risks affecting ConocoPhillips’ Qatar-related interests.
Key facts
- ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas supply agreement for 1 million tonnes a year, starting in 2030. source
- Venture Global and ConocoPhillips announced a 20-year LNG Sales and Purchase Agreement (as stated in Business Wire). source
- Under the agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global starting in 2030. source
- Reuters reported the 20-year LNG supply agreement is intended to strengthen ConocoPhillips' LNG portfolio. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas supply agreement for 1 million tonnes a year, starting in… |
| operating_income | negative | committed | — | ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas supply agreement for 1 million tonnes a year, starting in… |