Highlights 17½ year agreement linked to Henry Hub, plus fixed fee Venture Global also has been active on the commercial front China’s Sinochem has agreed to buy as much as 1.8 million mt/year of LNG from Cheniere Energy under a long-term deal. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The deal, which Cheniere announced Nov. 5, is the latest in a frenzy of fixed-fee term commercial agreements between US exporters and Chinese counterparties that have been reached in recent months, amid a spot price surge in European and Asian end-user markets. Under the agreement between Sinochem and Cheniere’s marketing unit, the buyer will purchase an initial volume of about 900,000 mt/year in July 2022. That volume will eventually rise to 1.8 million mt/year over the course of the 17½ year term of the agreement, Cheniere said. Sinochem, one of China’s four largest state-owned oil […]