Venture Global will supply 2 million metric tons a year of liquefied natural gas to Italian state-controlled energy group Eni , the two companies said on Wednesday.

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.

Venture Global (VG) stock slipped over 1% on Tuesday after the company reportedly filed with the U.S. regulators to expand the capacity of its Plaquemines LNG export facility. According to a Reuters report,