Nov 4 (LNGJ) - US LNG plant developer Venture Global has confirmed two long-term liquefied natural gas supply deals with China Petroleum and Chemical Corp., known as Sinopec, and its trading arm Unipec and previously revealed on October 20 by the US Department of Energy.
Venture Global will supply 4 million tonnes per annum of LNG to Sinopec for 20 years from the Plaquemines LNG plant to be built on the west bank of the Mississippi River in Louisiana. In addition, Unipec has agreed to purchase up to 3.8 MTPA of LNG from Venture Global’s Calcasieu Pass facility under construction south of the city of Lake Charles. “Venture Global will soon become the largest US LNG exporter to China,” said Michael Sabel, Chief Executive of Venture Global. “This will accelerate our combined efforts to lower carbon emissions and provide a low-cost, reliable and secure energy supply to China,” added the CEO.
