Venture Global and China Gas Announce New Long-Term LNG Agreement
The deal lifts China Gas’s long-term offtake from Venture Global to 2.5 MTPA as the U.S. exporter expands its LNG portfolio.
- Venture Global, Inc. and China Gas Holdings Limited announced a new Sales and Purchase Agreement for 0.5 million tonnes per annum of U.S. LNG, securing 20-year supply starting in 2030.
- The agreement deepens a long-standing partnership between Venture Global and China Gas, one of China's largest integrated energy suppliers and service providers.
- This SPA brings total long-term offtake between the companies to 2.5 MTPA under 20-year SPAs, with supply sourced from Venture Global's Louisiana projects.
- "We are pleased to deepen our long-standing partnership with Venture Global through this new agreement," said Mr. Liu Ming Hui, Chairman and President of China Gas.
- Venture Global maintains over 100 MTPA of capacity in production, construction, or development, positioning it as one of the largest LNG exporters in the United States.
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Venture Global and China Gas announce new long-term LNG agreement
Venture Global and China Gas have executed a 20-year sales and purchase agreement for 0.5 MTPA of U.S. LNG from 2030, increasing China Gas' long-term offtake across Venture Global's portfolio to 2.5 MTPA.
ARLINGTON, Va.–(BUSINESS WIRE)– Today, Venture Global, Inc. (“Venture Global”; NYSE: VG) and China Gas Holdings Limited (“China Gas”; stock code: 0384.HK), a leading natural gas operator in China, announced the execution of a new Sales & Purchase Agreement (SPA) for the purchase of 0.5 MTPA (million tonnes per year) of LNG (liquefied natural gas) from the U.S. at Venture […]
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