CNOOC To Take First LNG Cargo From U.S. Exporter

CNOOC To Take First LNG Cargo From U.S. Exporter

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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…

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