News Snapshot:
China has agreed to three huge liquefied natural gas (LNG) deals with US exporter Venture Global LNG as the world’s second-biggest economy looks to secure long-term supplies amid soaring gas prices and domestic power shortages. According to documents posted on the US department of energy website, the agreements with China’s state oil giant Sinopec include two 20-year deals for a combined 4 million tonnes of LNG per year. Those deals bring Venture Global’s plant in Plaquemines, Louisiana, with an export capacity of up to 20 million tonnes per annum (mtpa), one step closer to a final investment decision which is...
