✕

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Venture Global (VG) Expands US LNG Supply Agreements

Venture Global, Inc. (NYSE:VG) is one of the Top 10 Hot Stocks with the Highest Upside Potential. On June 17, Venture Global, Inc. (NYSE:VG) announced that it had executed new binding agreements with EnBW for the supply of about 0.82 million tonnes per annum (MTPA) of US liquefied natural gas.

The agreement will run for around five years, starting in 2026. LNG will be supplied from Venture Global, Inc.’s portfolio. These new agreements are in addition to the companies’ existing long-term sales and purchase agreements (SPAs) for 2 MTPA for 20 years.

Venture Global’s Plaquesmine facility. Photo from Venture Global website

Earlier, on June 11, Venture Global, Inc. and ATLANTIC – SEE LNG TRADE S.A. also reported an expansion of their existing sales and purchase agreement for US liquefied natural gas.

Under the expanded deal, ATLANTIC – SEE LNG TRADE S.A. is doubling its existing contract with the company from a minimum of 0.5 MTPA to 1.0 MTPA. This 20-year agreement is expected to start in 2030.

Venture Global, Inc. is an American company that produces and exports liquefied natural gas (LNG).

READ NEXT: 10 Best Technology Penny Stocks with Huge Upside Potential and 10 Best Stocks to Buy Under $10.

Follow Insider Monkey on Google News.