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Reuters

Venture Global strikes LNG supply deal with Exxon’s Asia-Pacific unit

HOUSTON (Reuters) -Venture Global LNG said on Tuesday it would supply two million tonnes of liquefied natural gas (LNG) per annum to Exxon Mobil Corp, a sign of its rapid rise in the ranks of LNG suppliers and the strong global demand for U.S. LNG. Venture Global LNG, which plans to build four LNG plants using a modular design that streamlines construction and cuts production costs, has emerged as a powerful force in LNG. The company this year started exports at its first Calcasieu Pass, Louisiana, plant and the Exxon deal will help advance two other proposed facilities.

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