PR91439

WARSAW, Poland, Sept. 2, 2021 /PRNewswire=KYODO JBN/ --

-- Venture Global set to become America's top LNG supplier to Poland

Today, Venture Global LNG and PGNiG (Polish Oil and Gas Company) finalized an

agreement under which PGNiG will purchase an additional 2 million tonnes per

annum (MTPA) of liquefied natural gas (LNG) from Venture Global for 20 years.

Cargoes will be supplied from Venture Global's Calcasieu Pass LNG and

Plaquemines LNG export facilities. The documents were signed during a ceremony

at the Warsaw Stock Exchange.

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"Venture Global is proud to expand our existing partnership with PGNiG to

provide a clean and reliable supply of American LNG to Poland. Since 2018, our

two companies have significantly increased our cooperation, nearly tripling the

volume of LNG Venture Global will export to PGNiG. Poland will lower its carbon

footprint and diversify its energy mix by incorporating more American natural

gas into its portfolio. Pivoting towards cleaner natural gas from the United

States will not only increase Poland's energy security but also decrease its

carbon emissions, and Venture Global looks forward to supporting our partner

PGNiG in these efforts for years to come," commented Mike Sabel, Chief

Executive Officer of Venture Global LNG.

"The import of LNG allows PGNiG to diversify sources and routes of supply of

natural gas. This way we can provide Polish customers with energy security --

constant and uninterrupted gas deliveries. This is particularly important

considering that natural gas will be a bridge fuel in the process of energy

transition of the Polish economy. At the same time, access to American LNG

gives us opportunity to develop trade of this fuel on the global market -- for

this purpose we will charter LNG carriers to transport liquefied natural gas.

In this respect, we value cooperation with Venture Global LNG, as it brings us

the possibility of achieving our strategic goals," commented Pawel Majewski,

the President of the PGNiG Management Board.

Today's announcement amends the existing Sales and Purchase Agreements signed

by the companies in 2018, increasing the volume of LNG purchased from Calcasieu

Pass LNG to 1.5 MTPA and the volume from Plaquemines LNG to 4 MTPA. This brings

the total volume of LNG PGNiG has committed to purchase from Venture Global

facilities to 5.5 MTPA, for 20 years on a free-on-board basis (FOB).

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG to be sourced from

resource rich North American natural gas basins. Venture Global is currently

constructing or developing 70 MTPA of production capacity in Louisiana to

provide clean, affordable energy to the world.

About PGNiG

Polish Oil and Gas Company (PGNiG SA) deals with exploration and production of

natural gas and crude oil and -- through its branches and key companies from

the Capital Group -- with import, storage, sales, distribution of gaseous and

liquid fuels, production of heat and electricity as well as geophysical and

drilling services. Its subsidiaries and branches carry out exploration and

production activities in Norway, Pakistan and UAE, natural gas sales in Europe

and LNG trading. It is involved in projects with biomethane as well as storage

and distribution of hydrogen. It develops competences in generating power from

renewables.

SOURCE Venture Global LNG

CONTACT: Venture Global investor contact: Leah Woodward, D: +1 202 759-6746,

lwoodward@vglng.com; Venture Global media contact: Shaylyn Hynes, D: +1 202

920-0964, shynes@vglng.com; PGNiG media contact: PGNiG Public Relations Office,

media@pgnig.pl