Eni (E) has agreed to buy 2 million tonnes per annum of liquefied natural gas from Venture Global's (VG) CP2 LNG project for 20 years, the companies said Wednesday.
This represents Eni's first long-term deal with a US LNG producer, the companies said.
Venture Global shares were up 2.2% in recent premarket activity, while Eni rose 0.9%.