Venture Global seeks more Chinese buyers for U.S. LNG

Venture Global (VG) is exploring potential deals to supply more liquefied natural gas (LNG) to Chinese buyers amid rising tensions in the Middle East. The company is reportedly in early-stage discussions with at least three Chinese importers, including PetroChina, for long-term contracts. These talks come after Venture Global signed a rare supply agreement with a Chinese firm last month, signaling growing interest in U.S. LNG despite China's 2025 tariffs on American gas.

The discussions are significant as China heavily relies on LNG shipments from the Middle East, particularly Qatar, which accounted for nearly 30% of China's LNG imports last year. The ongoing Iran war has disrupted shipments through the Strait of Hormuz and led to the temporary closure of a major Qatari export facility, raising concerns about supply security. Venture Global aims to capitalize on this uncertainty by offering LNG from its export facilities in Louisiana.