ConocoPhillips Signs 20-Year LNG Deal

ConocoPhillips has signed a twenty-year agreement with Venture Global to purchase one million tonnes of liquefied natural gas annually. Deliveries are scheduled to begin in 2030 to bolster the energy company's growing portfolio.

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FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

CONOCOPHILLIPS signed a 20-year supply agreement with VENTURE GLOBAL INC-CL A on Thursday afternoon to purchase 1 million tonnes of LNG annually starting in 2030. The deal expands the American energy producer's global portfolio as regional output faces headwinds.

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