Venture Global has entered a 20-year sales and purchase agreement (SPA) with Eni, the Italian energy company's first long-term contract with a US liquefied natural gas (LNG) producer. The agreement entails the purchase of two million tonnes per annum (mtpa) of LNG from Venture Global's CP2 LNG project.

Italian energy company Eni and Venture Global, Inc. , a US producer of liquefied natural gas (LNG) Wednesday said they have signed an agreement to purchase 2 million tonnes per annum of LNG from Venture Global's CP2 LNG.

Venture Global (NYSE:VG) said Wednesday it reached an agreement with Eni (E) for the purchase of 2M metric tons/year of liquefied natural gas for 2 years from the CP2 LNG project, in a deal that marks Eni’s first ever long-term agreement with an American LNG producer.