CP2 LNG has sold approximately 10.75 mtpa of its 14.4 mtpa Phase One nameplate capacity. (Source: Shutterstock)
Venture Global continued building its customer base for the Calcasieu Pass 2 LNG (CP2) project, announcing a 20-year sales deal with Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas company on July 3.
PETRONAS agreed to buy 1 million tonnes a year (mtpa) of LNG from CP2. The agreement builds on a prior commitment for 1 MTPA from Venture Global’s Plaquemines LNG project.
CP2 LNG has sold approximately 10.75 mtpa of its 14.4 mtpa Phase One nameplate capacity. Venture Global started site work on the project in June and expects to make a final investment decision before the end of the year.
Recommended Reading
E&P Highlights: June 30, 2025
2025-06-30 - Here’s a roundup of the latest E&P headlines, including an oil discovery by Equinor and an oil and gas lease sale in the Gulf of America.
E&P Highlights: July 7, 2025
2025-07-08 - Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
Rhino Resources Makes Oil Discovery in Namibia’s Orange Basin
2025-04-24 - Rhino Resources’ Capricornus 1-X exploration well achieved a flow rate exceeding 11,000 bbl/d offshore Namibia.
Halliburton, Rhino Resources Deliver Two Wells Offshore Namibia
2025-05-15 - These exploration wells located in PEL 85 are completed entirely from in-country infrastructure through Halliburton’s operational bases in Namibia.
E&P Highlights: May 27, 2025
2025-05-27 - Here’s a roundup of the latest E&P headlines, including new production offshore Brazil and new mapping for three U.S. basins.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.