Venture Global has signed a 20-year liquefied natural gas supply agreement with South Korea's Hanwha Aerospace, establishing the company's first commercial partnership with a Korean buyer. Under the deal, Venture Global will deliver 1.5 million tonnes per annum of LNG beginning in 2030, adding to the company's growing portfolio of long-term supply commitments.
The agreement brings Venture Global's total contracted LNG production capacity to over 46 million tonnes per annum, reflecting the company's strategic focus on securing stable, long-duration demand in key Asian markets. The 20-year term provides revenue visibility and supports the company's expansion of production facilities needed to meet global energy requirements.
The announcement underscores Venture Global's position as a significant supplier in the global LNG market and demonstrates continued demand from major industrial and energy buyers in South Korea. The contract aligns with the company's broader strategy to develop its LNG export infrastructure and strengthen commercial relationships across the Asia-Pacific region.