Venture Global, Inc. (NYSE:VG) and Naturgy have announced the execution of a new long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global for 20 years beginning in 2030. The agreement represents Spain’s return to long-term contracting for American LNG since Venture Global’s first contract in 2018. To date, Venture Global has supplied Spain with 35 cargoes from its Calcasieu Pass and Plaquemines facilities.
Latham & Watkins LLP represents Naturgy in the transaction with a Project Development & Finance team led by Chris Peponis and Carlos Diaz, with assistance from Andy Yuan and Diego Diaz all based in Houston.
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