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

Venture Global LNG and China Petroleum & Chemical Corporation (Sinopec) have signed two 20-year contracts for the supply of a total of four million tonnes/year (mtpy) of LNG from Venture Global’s 20-million tpy Plaquemines LNG liquefaction plant, in Plaquemines Parish, Louisiana.

China International United Petroleum & Chemical Company (UNIPEC), a Sinopec subsidiary, has also agreed to purchase 3.5 mtpy from Venture Global’s ten-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 and earlier this year got FERC permission to start service on its 23.4 mile TransCameron pipeline, delivering gas to Calcasieu Pass LNG.

Source: Oil & Gas Journal