China is the fastest-growing major market for LNG
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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
