US-based Venture Global LNG inked a 20-year agreement to sell 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China Gas Holdings, the companies announced in a joint statement.
The agreement was signed through a wholly-owned subsidiary of China’s leading natural gas operator, China Gas Holdings, for the purchase of 1 mtpa of LNG from Plaquemines LNG and another 1 mtpa from the CP2 LNG export facility, both in Louisiana.
Liu Minghui, chairman and president of China Gas Holdings, voiced his commitment to provide reliable and low-carbon LNG to Chinese customers.
The deals with Venture Global LNG 'will increase additional volume for our LNG portfolio and strengthen China Gas’s supply ability,' Minghui was quoted as saying in the statement.
Venture Global LNG’s CEO, Mike Sabel, said his company would continue to bring much-needed new capacity to the global LNG market, supporting energy security and environmental progress both in Asia and Europe.
By Sibel Morrow
Anadolu Agency
energy@aa.com.tr