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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
