PR99339

ARLINGTON, Va., Dec. 27, 2022 /PRNewswire=KYODO JBN/ --

Today, Venture Global LNG and INPEX CORPORATION (INPEX) announced the execution

of a long-term Sales and Purchase Agreement (SPA) for the purchase of one

million tonnes per annum (1MTPA) of liquefied natural gas (LNG) for 20 years.

Under the agreement, INPEX Energy Trading Singapore Pte. Ltd. (IETS), a

Singapore-based subsidiary of INPEX, will purchase 1MTPA of LNG from CP2 LNG,

Venture Global's third project which is expected to commence construction in

2023. INPEX joins other CP2 LNG customers including ExxonMobil, Chevron, EnBW

and New Fortress Energy.

"Venture Global is delighted to welcome INPEX, Japan's largest gas exploration

and production company, as a customer at CP2 and expand our customer base in

Asia," said Venture Global CEO Mike Sabel. "We are honored to provide security

of LNG supply to this key market and look forward to supporting INPEX as it

delivers our competitive lower carbon energy to the region."

"This agreement will enable the INPEX Group to procure LNG from the United

States on a long-term basis, expand its LNG supply capacity, and diversify its

supply sources to further contribute to the stable supply of energy," said

Hiroshi Kato, Executive Officer and Senior Vice President of Global Energy

Marketing at INPEX.

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.

For more information, visit https://www.venturegloballng.com

About INPEX

INPEX CORPORATION is Japan's largest exploration and production (E&P) company,

and is currently involved in projects across multiple continents, including the

Ichthys LNG Project in Australia as Operator. By thoroughly making its oil and

gas business cleaner while expanding its 5 net zero business areas, INPEX aims

to provide a stable supply of diverse and clean energy sources including oil,

natural gas, hydrogen and renewables as a pioneer in energy transformation.

For more information, visit https://www.inpex.co.jp/english/index.html

SOURCE Venture Global LNG

CONTACT: Media contact: Shaylyn Hynes, shynes@vglng.com