Venture Global and Tokyo Gas Sign 20-Year LNG Agreement, Strengthening U.S.–Japan Energy Ties
Venture Global, Inc. (NYSE: VG), one of the fastest-growing U.S. liquefied natural gas (LNG) exporters, has announced the signing of a major long-term Sales and Purchase Agreement (SPA) with Tokyo Gas Co., Ltd., one of Japan’s largest and most influential natural gas utilities. Under this newly finalized agreement, Tokyo Gas will procure 1 million tonnes per annum (MTPA) of LNG from Venture Global for a period of 20 years beginning in 2030. The deal deepens the long-standing energy relationship between the United States and Japan and reinforces the strategic role LNG continues to play in supporting energy security in the Asia-Pacific region.
For Venture Global, the Tokyo Gas agreement represents another milestone in a period of rapid commercial expansion. Over the last six months alone, the company has signed 7.75 MTPA of new long-term LNG commitments with global customers, underscoring not only rising demand for U.S. LNG but also the company’s growing reputation as a reliable supplier in international markets.
Mike Sabel, CEO of Venture Global, emphasized the importance of the new partnership and highlighted the alignment of both companies’ long-term strategies. “With nearly 8 MTPA of new long-term commitments signed this year, Venture Global is pleased to build on our commercial momentum through this new partnership with Tokyo Gas,” Sabel said. “Tokyo Gas is a pioneer in the LNG industry and a leading provider of natural gas to Japan. We look forward to working with them as we grow our position as a top LNG supplier to Japan. This agreement will contribute significantly to the U.S.–Japan balance of trade over the duration of the SPA, providing Japan with affordable, reliable American LNG.”
Strategic Significance for Japan
Japan is one of the world’s largest importers of LNG and has long relied on natural gas as a core component of its energy mix. Following the 2011 Fukushima nuclear disaster, the country’s dependence on LNG increased significantly, as natural gas-fired power plants were used to compensate for reduced nuclear generation. Although Japan continues to explore hydrogen, ammonia, renewables, and advanced nuclear technologies, LNG remains essential for ensuring grid stability, meeting industrial energy needs, and maintaining affordable energy prices.
The new SPA with Venture Global ensures that Tokyo Gas, and Japan more broadly, will have access to reliable LNG volumes well into the 2050s. This long-term supply certainty is particularly important given ongoing geopolitical tensions, fluctuating global LNG spot prices, and the need for secure U.S. energy in Japan’s decarbonization pathway.
Strengthening U.S.–Japan Energy Cooperation
The agreement also supports the broader strategic partnership between the United States and Japan. Over the past decade, the U.S. has evolved from a net importer to one of the world’s top LNG exporters, transforming global gas markets and offering Asian buyers alternative supply options beyond traditional LNG producers in the Middle East, Australia, and Southeast Asia.
In addition to strengthening trade ties, U.S.-Japan cooperation in LNG contributes to regional energy stability at a time when many Asian economies are navigating rapid energy transition goals while striving to maintain stable baseload power. Long-term American LNG contracts such as this one help mitigate price volatility and reduce supply disruption risks.
About Venture Global
Venture Global has rapidly emerged as a major force in the global LNG sector. The company operates a vertically integrated business model that spans the entire LNG value chain—from natural gas production and transport to LNG liquefaction, shipping, and regasification. This integrated approach enables the company to maintain competitive pricing and enhance supply reliability for international buyers.
With more than 100 MTPA of LNG capacity already in operation, under construction, or in various stages of development, Venture Global is among the largest LNG developers in North America. The company began LNG production at its first facility, Calcasieu Pass, in 2022. Within a short time, it has become one of the leading exporters of U.S. LNG, serving customers across Asia, Europe, and other regions seeking dependable long-term supply contracts.
Venture Global’s initial three major LNG projects—Calcasieu Pass, Plaquemines LNG, and CP2 LNG—are all strategically located in Louisiana along the Gulf of Mexico. This location offers direct access to some of the largest natural gas basins in the United States and proximity to key shipping routes serving international LNG markets.
Commitment to Low-Carbon LNG
In addition to expanding LNG production, Venture Global is heavily investing in emissions reduction initiatives. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities. These CCS projects aim to reduce the carbon footprint of LNG liquefaction by capturing CO₂ emissions from operations and permanently storing them underground.
As global buyers increasingly factor emissions intensity into procurement decisions, CCS-enabled LNG is gaining attention as a transitional energy source that can support both energy security and climate goals. Tokyo Gas’s decision to partner with Venture Global underscores the growing importance of low-cost, lower-emissions U.S. LNG in Asia’s evolving energy landscape.
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