Venture Global gains on agreement to supply more LNG to German firm from CP2 project

EnBW Energie Baden Wuerttemberg AG

09/07/2025 13:25

** Shares of LNG company Venture Global VG.N rise 2.5% to $16.16 premarket

** Company to supply an additional 0.75 million tonnes per annum (mtpa) of liquefied natural gas to Germany-based distributor SEFE Energy GmbH from its Calcasieu Pass 2 (CP2) LNG project for 20 years

** Adds that this will increase the total volume of LNG purchased by SEFE from CP2 LNG to 3.0 mtpa

** VG is expected to become Germany's largest LNG supplier, with a combined 5 mtpa offtake 20-year agreements with German companies SEFE and Energie Baden Wuerttemberg AG EBKG.DE - company says

** To date, ~11.5 mtpa of CP2 Phase One has been sold, raising the total contracted capacity for all of its projects to 41.5 mtpa - VG adds

** As of last close, stock had fallen over ~34% since its debut on the New York Stock Exchange in January

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))