Tokyo Gas commits to importing 1 MTPA of US LNG over 20 years
Tokyo Gas has signed a 20-year agreement with US-based Venture Global to purchase one million tonnes per year of liquefied natural gas starting in 2030, reinforcing energy flows between Japan and the United States.
| Sectors | Gas, LNG |
|---|---|
| Themes | Investments & Transactions, Contracts |
US company Venture Global, Inc. has signed a liquefied natural gas (LNG) Sales and Purchase Agreement (SPA) with Tokyo Gas Co., Ltd, one of Japan’s leading energy distributors. The contract provides for the annual delivery of one million tonnes of LNG over a 20-year period starting in 2030. This commitment brings the total contracted volumes by Venture Global in 2025 to 7.75 million tonnes per annum (MTPA).
A fourth strategic partnership with a Japanese player
This is the fourth long-term contract Venture Global has signed with a Japanese company. The new agreement strengthens the position of the US firm among key LNG suppliers to Asia, as energy supply security becomes a growing concern. Negotiated on a Free on Board (FOB) basis, the deal allows Tokyo Gas to further diversify its LNG sources while reducing exposure to spot markets.
Venture Global Chief Executive Officer Mike Sabel stated that the agreement supports the balance of trade between the United States and Japan. The company, which produces low-cost LNG from American resources, relies on an integrated supply chain that includes LNG production, transport, shipping and regasification.
Growing production capacity for Venture Global
Founded in 2013, Venture Global currently has more than 100 MTPA of LNG capacity in operation, under construction or in development. Its first three terminals — Calcasieu Pass, Plaquemines LNG and CP2 LNG — are all located in Louisiana. Since its commissioning in 2022, Calcasieu Pass has already enabled significant exports to Asia and Europe.
Venture Global’s commercial strategy is based on long-term contracts with major global energy sector players. Since the start of the year, the company has accelerated the pace of such agreements, adding nearly 8 MTPA in new commitments. This volume represents a substantial share of LNG contracts signed since January.
Reinforcing trans-Pacific energy flows
For Tokyo Gas, the contract adds to its long-term procurement portfolio, helping to ensure Japan’s energy stability. The country imports over 70% of its energy needs in the form of LNG and continues to diversify supply sources through long-term bilateral agreements. Commitments such as the one with Venture Global play a strategic role in Japan’s energy supply planning through 2050.
