US-based Venture Global Signs Supply Deal with China’s Largest LNG Importer

U.S.-based Venture Global LNG signed a 20-year agreement on Dec. 20 to sell LNG to a subsidiary of China National Offshore Oil Corp. (CNOOC).

The agreement marks the first LNG supply agreement signed by a U.S. exporter with CNOOC, China’s largest importer of LNG.

“China is critical to global climate efforts, and LNG supplied by Venture Global will serve as an important addition to their low carbon energy mix for decades,” CEO Mike Sabel commented in a company release.