PR98171

ARLINGTON, Va. and STUTTGART, Germany, Oct. 6, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG and EnBW announced the expansion of their existing

LNG partnership to 2 million tonnes per annum (MTPA). Under the 20-year Sales

and Purchase Agreements (SPAs) signed in June 2022, EnBW has increased the

quantity of its long-term LNG offtake from Venture Global by an additional 0.5

MTPA from Plaquemines and CP2 LNG.

Photo - https://mma.prnewswire.com/media/1915315/PLNG_PR_PHOTO.jpg

"Venture Global is delighted to be a growing strategic partner to Germany and

EnBW, a foundation customer at both Plaquemines and CP2," said Venture Global

CEO Mike Sabel. "The German government has taken swift action to address the

energy crisis and we are honored to support their efforts by providing security

of US LNG supply. Our company has pioneered the next generation of LNG plants,

with a safe and low-cost model, enabling us to bring much needed supply to the

global market years faster than ever done before. Our Gulf Coast facilities

incorporate critical, world class European equipment, including liquefaction

modules, gearboxes, steam turbines and more, supporting countless jobs across

the continent."

"To become less dependent on Russian natural gas and to strengthen

diversification and security of supply, EnBW is supporting the German

government by increasing further access to LNG supplies. For this reason, we

have stepped up our procurement volumes from Venture Global", explained Georg

Stamatelopoulos, Chief Operating Officer Generation & Trading at EnBW. "With

the help of LNG, we can secure Germany's gas supply to enable the energy

transition, while not losing sight of our climate neutrality targets.

About Venture Global LNG

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

resource rich North American natural gas basins. Venture Global's first

facility, Calcasieu Pass, commenced producing LNG in January 2022. The company

is also constructing or developing an additional 60 MTPA of production capacity

in Louisiana to provide clean, affordable energy to the world. The company is

developing Carbon Capture and Sequestration (CCS) projects at each of its LNG

facilities

www.venturegloballng.com

About EnBW

With over 26,000 employees, EnBW is one of the largest energy companies in

Germany and Europe. It supplies around 5.5 million customers with electricity,

gas, water as well as services and products in the areas of infrastructure and

energy. The expansion of renewable energies is a cornerstone of the growth

strategy and a focus of investment. EnBW will invest around 4 billion euros in

the further expansion of wind and solar energy by 2025.

By the end of 2025, more than half of the generation portfolio is to consist of

renewable energies. This is already having a noticeable effect on reducing CO2

emissions, which EnBW aims to halve by 2030. EnBW is aiming for climate

neutrality by 2035.

www.enbw.com

SOURCE  Venture Global LNG

CONTACT: Venture Global investor contact: Leah Woodward, Phone: +1 202

759-6746, E-Mail: lwoodward@vglng.com, Venture Global media contact: Shaylyn

Hynes, Phone: +1 202 920-0964,  E-Mail: shynes@vglng.com, EnBW Energie

Baden-Württemberg AG Corporate Communications, Durlacher Allee 93, 76131

Karlsruhe, Phone: +49721 63-255550, E-mail: presse@enbw.com, Website:

www.enbw.com