Venture Global and China Gas Ink New Long-Term LNG Deal

Venture Global and China Gas have signed a new long-term agreement to purchase liquefied natural gas (LNG) from Venture Global's Louisiana projects. The deal, which will supply 0.5 million tonnes per annum (MTPA) of LNG for 20 years starting in 2030, brings the total long-term offtake with China Gas to 2.5 MTPA under 20-year Sales and Purchase Agreements (SPAs).

According to Venture Global CEO Mike Sabel, 'Venture Global is 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.'

China Gas Chairman and President Liu Ming Hui stated that the new agreement further strengthens their portfolio and reinforces their commitment to establishing an international energy trading platform. The partnership will connect high-quality global resources with rising energy demand worldwide.