U.S. Natural-Gas Exporter Completes First Deal With German Buyer

Venture Global LNG Inc. has struck the primary binding offers by a U.S. natural-gas exporter to produce pure gasoline to a German firm, because the European nation turns to America to help replace supplies from Russia.

On Tuesday, Venture Global mentioned it agreed to promote 1.5 million metric tons of liquefied pure gasoline a 12 months in two separate 20-year offers with German power firm EnBW Energie Baden-Württemberg beginning in 2026. Half of the quantity will come from Venture’s Plaquemines LNG facility under construction in Louisiana, whereas the opposite half will come from one other proposed facility in that state, it mentioned.