PR95939

ARLINGTON, Va., May 11, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG and PETRONAS LNG Ltd. ("PLL"), a subsidiary of the

Malaysian state-owned oil and gas company, PETRONAS, announced the execution of

a new 20-year Sales and Purchase Agreement (SPA) for the purchase of 1 million

tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global's

Plaquemines LNG facility. With this agreement, Venture Global has now announced

20-year sales for 16 MTPA of the 20 MPTA nameplate capacity at Plaquemines LNG.

"Venture Global is proud to begin a new, long-term supply partnership with

PETRONAS, a world renowned and experienced leader in global LNG engineering and

operations," said Venture Global CEO Mike Sabel. "This contract represents a

significant expansion of our existing customer base in Asia and we particularly

look forward to PETRONAS bringing our competitive, lower carbon energy into

Southeast Asia, a region with rapidly growing gas demand."

PETRONAS Vice President of LNG Marketing & Trading, Shamsairi Ibrahim said,

"PETRONAS looks forward to the long-term LNG partnership with Venture Global

which will support the growth and accessibility of natural gas. With the

growing demand for energy security, the addition of the new volume certainly

enhances PETRONAS' global supply portfolio and demonstrates our support of the

energy transition towards a lower carbon future."

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.

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