Highlights CNOOC deals cover 3.5 million mt/year of LNG Flurry of activity this year as end-user prices soar An affiliate of China’s largest LNG importer, CNOOC, has agreed to buy 3.5 million mt/year of supplies from US liquefaction terminal developer Venture Global LNG, the two companies said Dec. 20.
Under one 20-year deal, CNOOC Gas & Power Group will take 2 million mt/year of LNG on a free-on-board basis from Venture Global’s proposed Plaquemines LNG facility that is planned to be built south of New Orleans. Under a second deal, which will last for a shorter duration that the companies did not disclose, state-owned CNOOC, or China National Offshore Oil Corp, will take 1.5 million mt/year of LNG from Venture Global’s Calcasieu Pass facility that is under construction in southwest Louisiana. Production could begin within weeks at […]