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Venture Global and China Gas Sign Two 20-year Long-Term LNG Agreements

2/24/2023

Arlington, Virginia– Today, Venture Global LNG and China Gas Holdings Limited (“China Gas” or the “Group”; stock code: 384), a leading natural gas operator in China, announced that the wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD (“China Gas Hongda”) and Venture Global LNG (“Venture Global”), have signed two 20-year LNG Sales and Purchase Agreements (SPA).  Under the deals, China Gas will buy 1 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from Plaquemines LNG and another 1 MTPA from the CP2 LNG export facility, both in Louisiana.  Mr. Liu Minghui, Chairman and President of China Gas Holdings Co. Ltd., said “As a major participant in China’s ener

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