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Petronas signs 20-year deal to buy 1M tons of LNG annually from Louisiana's CP2 project, boosting U.S. exports.
Malaysian energy giant Petronas has signed a 20-year deal to buy 1 million metric tons of LNG annually from Venture Global's new CP2 project in Louisiana.
This expands Petronas's supply portfolio and supports Venture Global's plan to build extensive LNG export capacity.
Despite facing arbitration over its first facility, the deal highlights the strong demand for U.S. LNG, especially from Asian buyers.
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Petronas firma un acuerdo de 20 años para comprar 1 millón de toneladas de GNL anualmente del proyecto CP2 de Louisiana, impulsando las exportaciones estadounidenses.