Venture Global Eyes More Chinese LNG Buyers Amid Iran War Disruptions

Venture Global Inc., a major US liquefied natural gas (LNG) exporter, is exploring new deals to supply Chinese buyers amid growing demand due to the Iran war. The conflict has disrupted global LNG shipments, prompting China to diversify its supply sources. Venture Global is reportedly in preliminary discussions for long-term contracts with at least three Chinese LNG importers, including PetroChina Co..

The potential agreement with PetroChina could involve supplying over 1 million tons of LNG annually. These discussions are still in the early stages and remain confidential, according to sources familiar with the matter. The talks focus on fuel from Venture Global’s export facilities in Louisiana.

The Iran war has created uncertainty in global energy markets, leading China to seek alternative suppliers to ensure stable LNG imports. Venture Global’s move to expand its customer base in China reflects the broader shift in energy trade dynamics.