US liquefied natural gas (LNG) producer Venture Global has announced the signing of a long-term sale and purchase agreement (SPA) with Japanese conglomerate Mitsui & Co., Ltd. Under the agreement, Mitsui will purchase 1 million tonnes of LNG annually over a twenty-year period, with deliveries scheduled to begin in 2029. This marks the third long-term agreement between Venture Global and a Japanese company in 2025.
With this deal, Venture Global has now secured 6.75 million tonnes per annum (MTPA) in long-term LNG contracts in 2025. The company’s vertically integrated strategy enables it to deliver consistent supply from its facilities at Calcasieu Pass, Plaquemines LNG and CP2 LNG, all located in Louisiana on the US Gulf Coast.
Strengthening US-Japan energy cooperation
The agreement comes as Japan, the world’s largest LNG importer, continues efforts to diversify its energy sources. It reflects sustained interest from Japanese companies in securing stable long-term supply contracts. For Venture Global, this partnership strengthens its position as a key LNG supplier to Asian markets while deepening transpacific energy trade.
Venture Global Chief Executive Officer Mike Sabel described the agreement as an important milestone in bilateral cooperation. He noted that the partnership would contribute to global energy security and further enhance economic ties between the two countries.
Growth outlook for US LNG exports
Venture Global holds over 100 MTPA in LNG production, construction, or development capacity. Since commissioning its first liquefaction facility in 2022, the company has emerged as a major US LNG exporter. Its business model spans the full value chain, including gas production, transportation, shipping, and regasification.
The Mitsui agreement may also prompt other Asian buyers to pursue similar deals amid rising price volatility and increasing competition for long-term contract volumes. This reinforces the United States’ role as a strategic export hub for the Asian energy market.
