Gas Processing News

China signs huge LNG deals with Venture Global China has signed three large LNG deals with U.S. exporter Venture Global LNG, as the world’s second-biggest economy looks to secure long-term supplies amid soaring gas prices and domestic power shortages. The agreements with China’s state oil giant, Sinopec, include two 20-yr deals for a combined 4 MMtpy of LNG. Those deals bring Venture Global’s planned, 20-MMtpy plant in Plaquemines, Louisiana one step closer to a final investment decision (FID), which is expected by the end of 2021. For China, which has this year overtaken Japan as the world’s number-one LNG buyer, the deals will be its single-largest LNG trade agreement in t