Feb. 26 at 4:10 PM
$VG Sinopec (China Petroleum & Chemical Corp): A historic 20-year deal signed in late 2021 for 4 million tonnes per annum (MTPA) from the Plaquemines LNG facility.
UNIPEC (Sinopec subsidiary): Two separate agreements totaling 3.5 million MTPA from the Calcasieu Pass facility.
China Gas Holdings: Two 20-year agreements signed in early 2023 for 2 million MTPA (1 MTPA from Plaquemines and 1 MTPA from the CP2 project).
Venture Global
Venture Global
+5
2026 Context & Project Milestones
Plaquemines LNG Startup: The Plaquemines facility, which underpins the Sinopec and China Gas deals, has been ramping up toward its peak capacity of 27 MTPA throughout 2025 and 2026.
CP2 Project Progress: In March 2025, Venture Global received Department of Energy (DOE) approval to export LNG to non-Free Trade Agreement (non-FTA) countries from its CP2 LNG project. This project includes China Gas as a foundational customer.
Strategic Expansion: On February 4, 2026, reports highlighted Venture Global's