Gas Processing News

Adrienne Blume, Managing Editor

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


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