Venture Global, Inc. ( VG ) shares rose Wednesday after the company penned a long-term LNG Sales and Purchase Agreement with Japan’s Mitsui & Co., Ltd. ( MITSF ) (OTC:MITSF).

Details

As per the deal, Mitsui ( MITSF ) will buy 1.0 MTPA of LNG from Venture Global ( VG ) over 20 years, beginning in 2029.

With this deal, Venture Global ( VG ) CEO Mike Sabel plans to expand the supply of U.S. LNG to Japan and global markets.

Also Read: Chevron Seeks Voice In Venture Global’s LNG Extension Request, Tensions Escalate

This marks Venture Global’s third long-term contract with a Japanese company, bringing its total long-term commitments in 2025 to 6.75 MTPA.

Sabel added, “This collaboration between our two companies will strengthen energy security, enhance the balance of trade, and deepen the long-standing ties between our nations. This agreement builds upon our existing long-term relationships with Japanese companies, and we are deeply grateful for their continued trust in Venture Global.”

Other Major LNG Deals

This week, Venture Global ( VG ) penned a 20-year Sales and Purchase Agreement (SPA) with Naturgy for 1 MTPA of LNG starting in 2030.

Last week, Venture Global ( VG ) inked a 20-year SPA with Greece’s ATLANTIC – SEE LNG TRADE S.A. for at least 0.5 MTPA of U.S. LNG beginning in 2030, with an option to increase the volume.

Recent Earnings

This week, Venture Global ( VG ) reported third-quarter fiscal 2025 revenue of $3.33 billion, beating the consensus of $3.30 billion, while EPS of 16 cents missed the street view of 23 cents.

Price Action: VG shares were trading higher by 3.98% to $7.830 premarket at last check Wednesday.

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