Venture Global LNG Secures Multi-Year Supply Agreement with Hanwha Group to Expand Global Energy Partnership and Strengthen U.S.–Asia LNG Trade
Venture Global, Inc. and Hanwha Aerospace Co., Ltd. have announced the execution of a landmark long-term liquefied natural gas (LNG) purchase agreement that further strengthens energy ties between the United States and South Korea. Under the new agreement, Hanwha Aerospace will purchase 1.5 million tonnes per annum (MTPA) of LNG from Venture Global for a period of 20 years, with deliveries set to begin in 2030. The deal marks Venture Global’s first long-term LNG supply agreement in South Korea and significantly expands its contracted global portfolio.
With this new contract, Venture Global’s total long-term contracted backlog now exceeds 46 MTPA, underscoring the company’s continued commercial momentum and its growing role as a major supplier in the global LNG market. The agreement reflects sustained demand from Asian buyers seeking reliable, long-term energy partnerships amid rising energy consumption and shifting geopolitical dynamics.
Strengthening U.S.–South Korea Energy Cooperation
The agreement represents more than a commercial transaction; it highlights the strengthening strategic energy partnership between the United States and South Korea. As global energy markets continue to evolve, long-term LNG supply agreements provide energy security, pricing stability, and diversification of supply sources—key priorities for many importing nations in Asia.
Mike Sabel, Chief Executive Officer of Venture Global, emphasized the strategic importance of the partnership. He noted that the agreement with Hanwha Aerospace marks an important milestone as the company establishes its first long-term LNG supply arrangement in South Korea. Sabel underscored Venture Global’s commitment to expanding access to reliable, affordable U.S.-produced LNG while helping partners meet growing energy demand.
He further highlighted that U.S. LNG plays a critical role in supporting global energy security, offering a dependable alternative to more volatile supply sources. By entering into this 20-year agreement, Venture Global and Hanwha Aerospace are reinforcing economic and industrial cooperation between the two nations while contributing to long-term growth and stability.
Growing LNG Demand in Asia
Asia remains the largest and fastest-growing LNG market globally. Countries across the region are increasing their reliance on natural gas to balance renewable energy deployment, reduce reliance on coal, and enhance grid reliability. South Korea, in particular, has long been one of the world’s leading LNG importers, relying heavily on natural gas for power generation and industrial use.
The long-term supply arrangement between Venture Global and Hanwha Aerospace reflects confidence in LNG as a critical component of the energy transition. While renewable energy capacity continues to expand, LNG remains essential for ensuring grid stability, managing peak demand, and providing lower-carbon alternatives compared to traditional fossil fuels such as coal.
The 1.5 MTPA commitment over two decades ensures supply predictability for Hanwha Aerospace and its affiliated energy initiatives. Long-term contracts such as this one also support the financing and development of LNG infrastructure projects, reinforcing supply chain stability across production, liquefaction, transportation, and regasification.
Venture Global’s Expanding Global Footprint
Venture Global has rapidly grown into one of the largest LNG exporters in the United States. Since beginning LNG production at its first facility in 2022, the company has expanded its operational and development pipeline significantly. Today, Venture Global reports more than 100 MTPA of capacity in production, under construction, or in various stages of development.
The company’s vertically integrated model spans the full LNG value chain. Its operations include natural gas production, liquefaction, shipping, transportation logistics, and regasification infrastructure. This integrated approach enables Venture Global to maintain cost competitiveness and operational efficiency while offering long-term reliability to customers.
Venture Global’s first three major projects—Calcasieu Pass, Plaquemines LNG, and CP2 LNG—are strategically located along Louisiana’s Gulf Coast, providing direct access to abundant U.S. natural gas supplies and global shipping routes. These facilities position the company to serve customers in Europe, Asia, and other key markets.
In addition to expanding liquefaction capacity, Venture Global is also developing carbon capture and sequestration (CCS) projects at each of its LNG facilities. These initiatives are designed to reduce emissions associated with LNG production, reflecting growing industry emphasis on lowering carbon intensity while meeting energy demand.
Hanwha Aerospace’s Strategic Expansion into Energy
Hanwha Aerospace, a core subsidiary of South Korea’s Hanwha Group, is widely recognized for its leadership in the defense and aerospace industries. However, the company has increasingly expanded its footprint into energy and industrial infrastructure sectors in recent years.
Through this agreement with Venture Global, Hanwha Aerospace continues building its LNG value chain strategy. By securing long-term LNG supply, the company enhances South Korea’s energy security while strengthening its participation in global clean energy solutions. The collaboration also aligns with Hanwha Group’s broader initiatives to diversify operations and invest in sustainable and transitional energy assets.
Hanwha Aerospace’s involvement in LNG supports the broader strategic objective of integrating energy procurement, infrastructure development, and advanced industrial capabilities. By partnering with a major U.S. LNG exporter, the company gains long-term access to competitively priced natural gas, which can be deployed across domestic and international operations.
Long-Term Market Stability and Investment Confidence
Long-term LNG agreements such as this one provide critical signals to global markets. They demonstrate sustained demand and reinforce confidence in infrastructure investment. For producers, long-term contracts support financing of multibillion-dollar liquefaction projects. For buyers, they ensure predictable supply and pricing over extended horizons.
The 20-year duration of the agreement reflects confidence from both companies in LNG’s enduring role within the global energy mix. While renewable energy continues to scale, LNG remains a flexible and dispatchable energy source that complements intermittent renewable generation.
Additionally, the agreement supports ongoing industrial growth in South Korea, where energy-intensive sectors such as manufacturing, shipbuilding, and advanced technology rely on stable power supply. By securing long-term LNG volumes, Hanwha Aerospace contributes to strengthening the nation’s industrial competitiveness.
A Strategic Milestone for Both Companies
For Venture Global, the agreement marks an important expansion into the South Korean market and further diversification of its global customer base. It enhances the company’s standing as a premier supplier of U.S. LNG to Asia and reinforces its long-term growth strategy.
For Hanwha Aerospace, the deal solidifies its participation in global LNG markets while strengthening energy partnerships with the United States. The agreement aligns with broader efforts to enhance energy security, expand clean energy infrastructure, and support economic growth.
As global energy demand continues to rise and nations prioritize supply reliability, strategic partnerships such as this one are expected to play a central role in shaping the future energy landscape. The collaboration between Venture Global and Hanwha Aerospace not only represents a significant commercial achievement but also underscores the evolving importance of LNG in supporting economic development, industrial progress, and international cooperation over the coming decades.
