Venture Global Inks 20-Year LNG Supply Deal with China Gas

Venture Global, Inc., and China Gas Holdings Limited have strengthened their long-standing partnership through a new 20-year liquefied natural gas (LNG) supply agreement. Under the newly signed Sales and Purchase Agreement (SPA), Venture Global will supply China Gas with 0.5 million tonnes per annum (MTPA) of U.S. LNG, beginning in 2030.

The agreement represents another significant step in expanding the flow of American LNG into the Chinese energy market, while providing China Gas with additional long-term access to competitively priced natural gas supplies. The contract will run for two decades, extending through 2049 and supporting China's growing energy requirements over the long term.

Venture Global CEO Mike Sabel highlighted the company's intention to deepen its relationship with China Gas while supporting China's expanding energy requirements. He emphasized the role of reliable and competitively priced U.S. LNG from the company's Louisiana projects in meeting long-term demand.