Venture Global Lands China Gas Deal, Bolsters Gulf Coast Project Momentum

Venture Global has secured a significant sales and purchase agreement (SPA) to supply China Gas with 0.5 million tons of liquefied natural gas (LNG) per year for 20 years, starting in 2030. This deal marks the latest positive development for Venture Global's Gulf Coast project portfolio.

The SPA brings Venture Global's total off-take agreement with China Gas to 2.5 Mt/y. The company has been making significant strides in recent times, with various projects advancing simultaneously. For instance, the Federal Energy Regulatory Commission (FERC) has approved the uprating of the Gator Express pipeline, while Baker Hughes will support the expansion of Venture Global's Plaquemines facility.