PR96651

ARLINGTON, Va., June 22, 2022 /PRNewswire-AsiaNet/ --

Today Venture Global announced the execution of two long-term Sales and

Purchase Agreements (SPAs) for the purchase of two million tonnes per annum

(2MTPA) of liquefied natural gas (LNG) for 20 years. Under the agreements,

Chevron U.S.A. Inc. will purchase 1MTPA from the Plaquemines LNG facility and

1MTPA from CP2 LNG. Plaquemines LNG has been under full construction since

August of 2021 and the construction of CP2 LNG is expected to commence in 2023.

Photo - https://mma.prnewswire.com/media/1845250/Venture_Global_LNG.jpg

"Venture Global is delighted to begin a long-term LNG agreement with Chevron,

one of the world's premier integrated energy companies," said Venture Global

CEO Mike Sabel. "This is an outstanding addition to our growing customer

portfolio at CP2. Our innovative and proven approach for the deployment of LNG

trains enables us to deliver energy to our customers faster and at the lowest

cost. As we prepare to roll out trains number 55 through 90 at CP2, we are

honored that this competitive advantage has been recognized by Chevron."

"Our agreements with Venture Global allow Chevron to deliver affordable,

reliable, and ever cleaner energy to meet long-term demand," said Colin

Parfitt, Chevron Vice President, Midstream. "This is part of Chevron's strategy

to connect and strengthen relationships across the natural gas value chain –

from natural gas production and lower carbon initiatives, to transportation,

marketing and delivery to the customers who need it most."

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