"We are pleased to announce our long-term LNG cooperation with Venture Global. "As China's largest LNG importer, CNOOC is committed deeply not only to the mission of securing China's gas supply, but also to the climate goals of building a carbon-neutral China by 2060," said Shi Chenggang, Chairman of CNOOC Gas & Power. U.S. This new long-term partnership with CNOOC builds on our company's continued momentum in a very active 2021."
"Venture Global is pleased to announce the expansion of our footprint in Asia through two new deals to supply the Chinese market with clean, low-cost US LNG," said Mike Sabel, Chief Executive Officer of Venture Global LNG. " China is critical to global climate efforts, and LNG supplied by Venture Global will serve as an important addition to their low carbon energy mix for decades. In addition, CNOOC Gas & Power will purchase 1.5 million tonnes (MT) of LNG from Venture Global's Calcasieu Pass LNG facility for a shorter duration.
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Under the deal, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its Plaquemines LNG export facility, in Plaquemines Parish, Louisiana. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. This marks the first LNG supply agreement signed by a US exporter with CNOOC, China's largest importer of LNG. BEIJING, Nov 4 (Reuters) - Chinas Sinopec (600028.SS) has signed a contract with U.S. Last year, prices jumped to 89 per mmBtu in August from 23 per mmBtu in February when Russia invaded Ukraine. LNG at the time cost between 8 and 12 per million British thermal units (mmBtu) in Europe. 20, 2021 /PRNewswire/ - Today, Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA). Edison and Repsol signed purchase contracts with Venture Global in 20, respectively.
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