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Explain this story: ConocoPhillips signs 20-year LNG deal with Venture Global
ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas (LNG) supply agreement for 1 million tonnes a year, starting in 2030. This deal aims to strengthen ConocoPhillips' LNG portfolio, especially as challenges from the Iran conflict impact QatarEnergy’s operations where ConocoPhillips has interests. Venture Global's LNG projects are located in Louisiana, with significant production capacity already in development or construction.
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ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas (LNG) supply agreement for 1 million tonnes a year, starting in 2030. This deal aims to strengthen ConocoPhillips' LNG portfolio, especially as challenges from the Iran conflict impact QatarEnergy’s operations where ConocoPhillips has interests. Venture Global's LNG projects are located in Louisiana, with significant production capacity already in development or construction.
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Published Oct 1, 2026, 16:52 ET · on this site +1h 34m