Venture Global and China Gas Ink $1 Billion LNG Deal

Venture Global Inc., a leading American producer and exporter of liquefied natural gas (LNG), has announced a new long-term LNG agreement with China Gas Holdings Limited. Under this deal, China Gas will purchase 0.5 million tonnes per annum (MTPA) of U.S. LNG from Venture Global for twenty years starting in 2030.

This agreement brings the total long-term offtake between the two companies to 2.5 MTPA under 20-year Sales and Purchase Agreements supplied across Venture Global's portfolio, which includes its facilities in Louisiana along the Gulf of America. The company is developing carbon capture and sequestration projects at each of its LNG facilities.

According to Mike Sabel, CEO of Venture Global, 'We are pleased to expand our LNG partnership with China Gas, a leading natural gas operator in China, supplying the country's growing energy needs with reliable, low-cost American LNG from across our Louisiana projects.'