Sinopec signs China’s largest long-term LNG contract with US firm
BEIJING (Reuters) -China’s Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years, the state-run Xinhua news agency said on Thursday.
The LNG will be supplied from Venture Global’s plant in Plaquemines, Louisiana, and the deal is the largest LNG long-term contract signed between China and the United States, the agency said.
It did not specify the value of the deal or when supply would begin.
In October, Reuters reported that China had agreed three huge LNG deals with the firm as Beijing seeks to secure long-term supplies amid soaring gas prices and domestic power shortages.
