Venture Global LNG has signed a pair of 20-year liquefied natural gas supply deals with a Chinese gas company, its sixth announcement of a contract with China Gas Hongda Energy Trading Co. Ltd., a subsidiary of China Gas Holdings Limited. The latest agreement calls for Venture Global to supply 2M metric tons a year to the Chinese company. China Gas is one of the largest natural gas pipeline and transportation companies in that country. One million will come from Venture Global’s Plaquemines (Parish, La.) LNG facility. The remainder will ship from the company’s CP2 LNG terminal in Cameron Parish. Plaquemines LNG has been under construction since August 2021 and is expected to come online in 2024. Construction at CP2 LNG, which will sit next to the company’s existing Calcasieu Pass LNG terminal, is expected to start this year. (NOLA.com 02/24/23) Venture Global, with HQ in Virginia, has four projects on-going in Louisiana - developing LNG terminals south of Lake Charles and in Plaquemines Parish; plus a natural gas liquefaction facility in Plaquemines Parish and are proposing to operate a CP2 LNG terminal on about 546 acres in Cameron Parish. Venture Global LNG signs new deals with China Gas | Business News | nola.com
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