Venture Global (NYSE:VG) and Trafigura announced a new, binding liquefied natural gas (LNG) supply agreement on Monday, marking a strategic shift toward mid-term contracting for the Arlington-based energy producer.
Under the terms of the deal, Trafigura will purchase approximately 0.5 million tonnes per annum (MTPA) of U.S. LNG for five years, with deliveries set to commence in 2026.
The agreement comes as Venture Global seeks to diversify the "tenor" of its portfolio, moving beyond the traditional 20-year sales and purchase agreements (SPAs) that have historically underpinned U.S. LNG project financing.
By adding five-year contracts, the company aims to provide greater flexibility to global traders and utilities navigating an increasingly volatile energy landscape.
The announcement coincided with Venture Global’s fourth-quarter 2025 financial results, which showed a massive 192% surge in revenue to $4.4 billion.
The jump was driven by record export volumes from the Plaquemines LNG facility in Louisiana, which ramped up production throughout 2025.
For the full year, the company generated $13.8 billion in revenue and $6.3 billion in Adjusted EBITDA, exporting a total of 380 cargos.