Venture Global, Inc.: enters frame agreements for power and grid equipment

What happened

• On Oct 9, 2026, Venture Global LNG, Inc. ("VGLNG"), a direct wholly owned subsidiary of Venture Global, Inc., entered into a frame agreement with GE Vernova Operations LLC and Baker Hughes Energy Services LLC for the supply of power generation equipment and associated materials for up to 16 power islands, with scheduled delivery dates running through 2034. VGLNG expects to enter a purchase order for the first power island by the end of 2026.
• In connection with that agreement, VGLNG entered a definitive reservation agreement with GE Vernova to reserve manufacturing capacity for eight of the remaining 15 power islands, with purchase orders for those anticipated to be entered commencing in early 2027.
• Also on Oct 9, 2026, VGLNG entered into a frame agreement with GE Grid Solutions, LLC for the supply of power transformer and gas insulated switchgear equipment to support up to 21 power island projects, with scheduled delivery dates running through 2034. VGLNG entered five definitive reservation agreements for the first five sets of equipment packages, with purchase orders to be entered commencing in late 2026.
• On Oct 15, 2026, the company issued a press release announcing these agreements and related developments (filed as Exhibit 99.1 to the 8-K).

Key details

• If Venture Global elects to proceed with all purchase orders under the Power Frame Agreement and the Grid Frame Agreement, the filing states the aggregate amount payable under both agreements, including applicable reservation fees, would be approximately $17,200,000,000, subject to adjustment.
• Reservation rights under the Power Frame Agreement expire in a staggered manner from Oct 2027 to Oct 2029 if definitive reservation agreements are not entered; reservation rights under the Grid Frame Agreement expire in a staggered manner ending in mid-Dec 2026.
• Outside of payment of reservation fees and the reservation agreements already entered, neither party has binding obligations to purchase or supply equipment unless and until additional definitive reservation agreements and/or purchase orders are entered; purchase orders will follow pre-negotiated terms and may be terminated under certain circumstances with potential termination fees.

Why it may matter

• This Item 1.01 disclosure reports the entry into material definitive agreements for power generation and grid equipment supply that cover reservation of manufacturing capacity and potential future purchase orders for equipment to support multiple power island projects.
• The filing does not show why the insider traded or why the company acted.