Malaysian energy company Petroliam Nasional Bhd., known as Petronas, has signed a new 20-year deal for liquefied natural gas supply from Venture Global Inc., marking a significant sales and purchase agreement for the US exporter.
The deal secures LNG from Venture Global’s CP2, the American producer announced on Thursday. The company has raced to finalise the financing required to launch CP2, its third Louisiana export project. The exporter went public earlier this year, scaling back its initial public offering amid investor pushback.
