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Venture Global Signs Another Pair of LNG Supply Deals With China

  • CNOOC to buy 2 million tons a year of LNG from Plaquemines LNG
  • Calcasieu Pass LNG to provide 1.5 million tons per year

Venture Global LNG Inc. signed two more gas export contracts with China as cargo prices at record levels add pressure on overseas buyers to enter into long-term deals and lock in lower costs. 

The U.S. liquefied natural gas developer signed a pair of 20-year supply deals with China’s CNOOC Gas & Power Group Co for a total of 3.5 million metric tons a year, the companies said in a joint announcement Monday.