Letter from China: LNG deals show pragmatism in US-China ties
A US LNG project developer has signed the first long-term supply contracts with a Chinese buyer in nearly four years
Recent long-term LNG deals between the US and China suggest that the two rivals can still cooperate if interests align. Venture Global LNG—developer of the 10mn t/yr Calcasieu Pass and 20mn t/yr Plaquemines export facilities in Louisiana—signed two sales-and-purchase agreements (SPAs) with China’s state-controlled Sinopec, according to a letter the American company filed with the US Department of Energy at the start of October. The 20-year deals, one for 2.8mn t/yr and the other for 1.2mn t/yr, are by far the largest contracts by volume for US LNG agreed to by a single Chinese entity. Venture Global also signed a three-year deal to supply 1mn t/yr to Unipec, the trading arm of Sinopec, from

Also in this section
12 June 2025
Asian and European interest gathers pace as Trump throws his weight behind frontier state
12 June 2025
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
12 June 2025
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions