New Fortress Energy Inc. announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG (Venture Global). Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana. Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global's Plaquemines LNG export facility in Plaquemines Parish, Louisiana for a term of 20 years.

In addition to 1 MTPA from Plaquemines LNG, NFE agreed to purchase an additional 1 MTPA of LNG from Venture Global's CP2 LNG facility, located in Cameron Parish, Louisiana, adjacent to Venture Global's existing Calcasieu Pass LNG facility. In December 2021, Venture Global filed a formal application requesting authorization from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate the 20 MTPA nameplate capacity CP2 LNG facility. The effectiveness of each agreement is subject to customary terms and conditions.