PR95912

ARLINGTON, Va., May 10, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG announced the execution of two new long-term Sales

and Purchase Agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the

sale of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG).  

Under the agreements, the ExxonMobil affiliate will purchase 1 MTPA from the

Plaquemines LNG facility (Plaquemines) as well as 1 MTPA from the CP2 LNG

facility (CP2). This is the second supply agreement for CP2, which is expected

to commence construction in 2023. Both facilities will replicate the same

successful innovative design seen in operation today at Calcasieu Pass, where

speed of execution resulted in the production of first LNG only 29 months after

FID.

Photo -

https://mma.prnewswire.com/media/1814528/Venture_Global_LNG_Aerial_View.jpg

"Venture Global is deeply honored that ExxonMobil has chosen to collaborate

with our company across both of our next projects: Plaquemines and CP2" said

Mike Sabel, CEO of Venture Global LNG. "As a global LNG leader, ExxonMobil's

support for Venture Global's innovation and engineering execution is a defining

moment for our combined teams and the wider LNG market. Venture Global looks

forward to many years of collaboration between our companies to bring lower

carbon energy to the world."

"LNG has an important role to play in helping society reduce emissions from

industrial sectors," said Peter Clarke, senior vice president of LNG for the

ExxonMobil Upstream Company. "We look forward to working with Venture Global as

we continue to grow ExxonMobil's LNG portfolio and progress our plans to

reliably deliver natural gas from the U.S. Gulf Coast to global markets."

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.

Cautionary Statement

Statements of future events or conditions in this release are forward-looking

statements. The forward-looking statements contained herein speak only as of

the date of this release.

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