CNOOC closes long-term LNG supply deal with Venture Global

“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. This new long-term partnership with CNOOC builds on our company’s continued momentum in a very active 2021.”
In November, the company signed an even larger long-term export deal with Sinoepc.

CNOOC Gas & Power chairman Shi Chenggang added, “We are pleased to announce our long-term LNG co-operation with Venture Global. By signing the SPAs with Venture Global, CNOOC will be able to further improve its ability to meet China’s increasing gas demand, while providing solid support for China’s energy transition pathway.”
The orderbook for LNG carriers has approached historic levels according to Clarksons, with China’s appetite being a contributing factor. The rapidly expanding market for natural gas has seen other US firms like Cheniere close deals with Chinese buyers.