Venture Global Signs 20-Year LNG Deal with China Gas

US-based Venture Global Inc., and China Gas Holdings Limited have signed a 20-year sales and purchase agreement for the supply of liquefied natural gas (LNG). The deal, worth 0.5 million tonnes per annum, is set to begin in 2030 from Venture Global's Louisiana facilities.

The agreement brings the total long-term offtake between the two companies to 2.5 million tonnes per annum under 20-year agreements across Venture Global's portfolio.

According to Venture Global CEO Mike Sabel, the company is 'pleased to expand our LNG partnership with China Gas,' supplying reliable and low-cost American LNG to meet the country's growing energy needs.