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Sinopec signs China’s largest long-term LNG contract with U.S. firm | Source: Reuters

China’s Sinopec (600028.SS) 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 deal is the largest LNG long-term contract signed between Chinese and U.S. companies.

Source: Reuters


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China’s Sinopec signs up for more US LNG | Source: Energy Voice

China’s Sinopec signed a deal with US liquefied natural gas (LNG) developer Venture Global LNG that will double China’s imports of LNG from the US. Last week, Cheniere, located in Texas, signed a long-term LNG supply contract with China’s ENN Natural Gas, the first major US-China deal since 2018. Over the past three years, new LNG deals between the two great powers were put on ice as rising political tensions under the Trump administration thwarted trade. Expect more supply deals of this kind to be announced in future, as China faces an energy crunch and has now overtaken Japan as the world’s largest LNG importer.

Source: Energy Voice


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