Venture Global LNG and EnBW executed two long-term sales and purchase agreements for 1.5 million tonnes/year (tpy) of LNG from Venture Global's Plaquemines and CP2 liquefaction plants, starting 2026.

The agreement is the first direct binding offtake agreement for long-term US LNG signed by a German company, as the country looks to diversify its energy mix, said Mike Sabel, chief executive officer of Venture Global LNG in a release June 21.

EnBW, one of the largest energy companies in Germany and Europe, will purchase 0.75 million tpy from Plaquemines LNG and 0.75 million tpy from CP2 LNG for 20 years. The deal follows those of other European companies, as PGNiG, BP, Shell, Repsol, Edison, and GALP previously signed deals with Venture Global.

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