China National Offshore Oil Corporation (CNOOC), the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG from a new export facility in Louisiana. Under the deal announced on Monday, CNOOC Gas & Power Group Co., Ltd., a wholly-owned subsidiary of CNOOC, will buy 2 million tons per annum (MTPA) of LNG on a free on board (FOB) basis for 20 years from Venture Global’s Plaquemines LNG export facility in Plaquemines Parish, Louisiana. The agreement is the first in which CNOOC, China’s largest importer of LNG, has agreed to buy the super-chilled fuel from a U.S. exporter, Venture Global LNG said. The deal underscores Chinese importers’ increased interest in American LNG and is the latest such deal companies from the two countries have announced in recent weeks. Last month, Venture Global LNG signed an agreement with China Petroleum & […]