Venture Global, Eni Sign Agreement for 2 MTPA of LNG from CP2 LNG

Venture Global and Eni S.P.A. of Italy signed an agreement to purchase 2 million tons per annum (MTPA) of LNG from CP2 LNG, Venture Global’s third project, for 20 years. The sales and purchase agreement marks Eni’s first long-term agreement with a U.S. LNG producer.

“We are honored that Eni, a leading innovator and global gas player, has chosen Venture Global as their first American LNG supplier,” said Mike Sabel, CEO of Venture Global. Italy is an important ally and trading partner to the United States, and we are grateful for the trust of Eni as our newest customer. This deal marks a significant milestone for the company and is further recognition of our growing global energy leadership and strong record of execution.”

As of July 2025, approximately 13.5 MTPA of CP2 Phase One has been sold, raising the total contracted capacity for all of Venture Global’s projects to 43.5 MTPA. Same for Venture Global: It has supplied Italy with nearly 40 cargoes of U.S. LNG from its Calcasieu Pass and Plaquemines LNG facilities.

Eni joins a growing number of world-class LNG customers for CP2 in Europe, Asia, and the rest of the world. Accordingly, CP2 is a strategically important project to global energy supply and security.

In June, Venture Global kicked off site work and full mobilization at CP2 LNG, its third LNG export facility, after receiving final approval and Notices to Proceed from the Federal Energy Regulatory Commission (FERC) and its non-FTA export authorization from the U.S. Department of Energy.

“Venture Global applauds the Commission and FERC staff for their continued work to advance critical U.S. energy projects like CP2 LNG that support our allies abroad and thousands of jobs here at home,” said Mike Sabel, CEO of Venture Global. “With all federal approvals now in hand, we are excited to announce that we have launched on-site work for this Project, which is expected to deliver reliable, low-cost LNG to the world starting in 2027. I am proud of our team and their relentless commitment to execution, which has enabled our company’s historic achievements and rapid growth from a start-up to breaking ground on our third LNG export facility since 2019.”

According to the company, upon completion, Venture Global is expected to become the largest LNG exporter in the United States and the second-largest globally, while CP2 is expected to provide U.S. LNG to Europe, Japan, and other global allies.

The Project will support approximately 3,000 new jobs in Louisiana—400 of which will be direct, permanent employees of CP2—and pay more than $4 billion in local property taxes during its operation.