Venture Global Signs New LNG Supply Agreements with TotalEnergies and Vitol
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: seekingalpha
- New Supply Agreements: Venture Global has signed a liquefied natural gas (LNG) supply agreement with TotalEnergies for 850K tons/year and increased its contract with Vitol by 200K tons/year to 1.7M tons/year, indicating strong growth potential in the global LNG market amid rising demand.
- Total Sales Volume Increase: Since the onset of the Iran war, Venture Global's total new LNG sales agreements have surpassed 3M tons/year, reflecting heightened global demand for U.S. LNG shipments, especially as Middle Eastern cargoes remain blocked, thereby solidifying the company's market position.
- Earnings Beat Expectations: Venture Global reported better-than-expected Q1 earnings, raising its adjusted core profit guidance to $8.2B-$8.5B from a previous outlook of $5.2B-$5.8B, showcasing strong profitability and market confidence.
- Export Volume Growth: The company exported 130 cargoes and sold 481 TBtu of LNG in Q1, a significant increase from 63 cargoes and 228.3 TBtu in the same quarter last year, with expectations to export 147-154 cargoes from the Calcasieu project and 347-369 cargoes from the Plaquemines project for the full year, further enhancing its competitive edge.
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Analyst Views on VG
Wall Street analysts forecast VG stock price to fall
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 12.540
Low
8.00
Averages
11.13
High
16.00
Current: 12.540
Low
8.00
Averages
11.13
High
16.00
About VG
Venture Global, Inc. is a provider of the United States liquefied natural gas (LNG) sourced from North American natural gas basins. The Company's business includes assets across the LNG supply chain, including LNG production, natural gas transport, shipping and regasification. The Company sells LNG and is engaged in the operation, construction, and development of natural gas liquefaction and export facilities in North America (LNG projects). Each LNG project includes a liquefaction facility and export terminal and one or more associated pipelines that interconnect with several interstate and intrastate pipelines for delivery of natural gas into the associated liquefaction facility and export terminal. The Company has multiple segments, including the Company's five LNG projects: the Calcasieu Project, the Plaquemines Project, the CP2 Project, the CP3 Project and the Delta Project, and its direct sales and shipping (DS&S) business and pipeline activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Long-Term Contract Signings: The company secured five-year LNG supply agreements with TotalEnergies for 0.85 million tonnes per annum and with Vitol, increasing supply from 1.5 million tonnes to 1.7 million tonnes, ensuring revenue stability and enhancing market competitiveness.
- Favorable Market Conditions: The International Energy Agency noted that the closure of the Strait of Hormuz has impacted global LNG trade, benefiting Venture Global as its uncontracted LNG streams see price increases, further enhancing the company's profitability and market position.
- Capacity Expansion Plans: The company aims to ramp up annual production capacity to over 100 million tonnes by 2030, with CEO Michael Sabel indicating that the need to repair LNG infrastructure in Qatar and increased investment risks position Venture Global favorably to seize future market opportunities.
See More
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- Strong Earnings: Venture Global's shares surged 24.3% this week, driven by an impressive first-quarter earnings report released on Tuesday, indicating robust profitability that is expected to fuel future investments and expansions.
- Long-Term Contracts Signed: The company secured five-year LNG supply agreements with TotalEnergies for 0.85 million tonnes per annum and with Vitol, increasing supply from 1.5 million tonnes to 1.7 million tonnes, ensuring stable revenue streams.
- Improved Market Conditions: The closure of the Strait of Hormuz has led to rising global LNG prices, benefiting Venture Global's uncontracted LNG flows, which is likely to enhance the company's market competitiveness and profitability.
- EBITDA Guidance Raised: Management raised the 2023 EBITDA forecast from $5.2 billion to $5.8 billion to a new range of $8.2 billion to $8.5 billion, reflecting confidence in future growth and providing funding assurance for capacity expansion.
See More
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- Long-term Contract Strategy: Analysts expect Venture Global (VG) to continue signing five-year supply agreements at approximately $5/MMBtu margins, which not only reduces spot risk but also locks in healthy margins that are double those of long-term contracts, further supporting the company's expansion plans.
See More
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- Export Volume Increase: The company exported 130 cargos and sold 481 trillion British thermal units (TBtu) of LNG in the first quarter, representing gains of 106% and 111%, respectively, which not only bolstered its market share but also reinforced its critical role in the global energy supply chain.
- Net Income Growth: Venture Global's net income rose 23% to $488 million, indicating a sustained increase in profitability amid current market conditions, demonstrating its ability to navigate market volatility and achieve sustainable growth.
- Revised Earnings Guidance: The company raised its adjusted EBITDA forecast for 2026 to $8.2 billion to $8.5 billion, significantly higher than the previous target of $5.2 billion to $5.8 billion, reflecting management's optimistic outlook on future market demand and strategic foresight.
See More
