Venture Global LNG signs 7.5-mpty supply contracts with Sinopec companies

Nov. 4, 2021
Venture Global LNG signed a long-term contract with China Petroleum & Chemical Corp. (Sinopec) for the supply of 4 million tonnes/year of LNG for 20 years from its plant in Plaquemines, La.

Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) have signed two 20-year contracts for the supply of a total of 4 million tonnes/year (mtpy) of LNG from Venture Global’s 20-million tpy Plaquemines LNG liquefaction plant, in Plaquemines Parish, La. China International United Petroleum & Chemical Co. (UNIPEC), a Sinopec subsidiary, has also agreed to purchase 3.5 mtpy from Venture Global’s 10-million tpy Calcasieu Pass LNG plant for a shorter duration.

Venture Global described the contracts as the largest single LNG supply deal ever signed by a US company and said it will double imports of US LNG to China. 

The company received US Federal Energy Regulatory Commission (FERC) permission to start site clearing for Plaquemines LNG earlier this month (OGJ Online, Nov. 1, 2021) and earlier this year got FERC permission to start service on its 23.4 mile TransCameron pipeline, delivering gas to Calcasieu Pass LNG (OGJ Online, Apr. 9, 2021).