PR96617

ARLINGTON, Va. and STUTTGART, Germany, June 21, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG and EnBW announced the execution of two long-term

Sales and Purchase Agreements (SPAs) for 1.5 million tonnes per annum (MTPA) of

liquefied natural gas (LNG) from Venture Global's Plaquemines and CP2

facilities, starting 2026. According to the agreement, EnBW will purchase 0.75

MTPA from Plaquemines LNG and 0.75 MTPA from CP2 LNG for 20 years. EnBW becomes

the next European customer of Venture Global, who already announced agreements

with PGNiG, BP, Shell, Repsol, Edison and GALP.

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"Venture Global is thrilled to welcome EnBW as a long-term customer for both

our Plaquemines and CP2 LNG facilities," said Mike Sabel, CEO of Venture Global

LNG. "This is the first direct binding offtake agreement for long-term US LNG

signed by a German company, an important step that manifests Germany's strategy

to diversify its energy mix. Our company is honored to become a major provider

of LNG to Germany, providing security of supply on a competitive, long-term

basis."

"EnBW looks forward to a long-term LNG partnership with Venture Global", says

Georg Stamatelopoulos, Chief Operating Officer Generation & Trading at EnBW.

"We have expanded our LNG activities step by step in the recent years.

Liquefied natural gas plays a key role in the diversification of our fuels for

electricity and heat generation: It opens up the possibility of new sources to

secure Germany's gas supply in the current energy transition phase and builds a

bridge to a green energy supply."

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 24,000 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

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 9376131

Karlsruhe, Phone: 0721 63-255550, E-mail: presse@enbw.com, Website: www.enbw.com