China Gas Signs 20-Year Deal to Buy U.S. LNG Ahead of Xi Visit
China Gas Holdings has signed a 20-year agreement with U.S.-based Venture Global to purchase 500,000 metric tonnes of LNG annually from 2030. The agreement comes ahead of Chinese President Xi Jinping's expected visit to Washington later this month.
China halted direct imports of U.S. LNG in 2025 after tariffs raised costs. A new long-term contract signals that commercial energy ties can continue despite wider U.S.-China trade and strategic tensions.
Attention will turn to Xi's expected Washington visit and whether Beijing and Washington make further progress on trade, energy and technology. China still maintains tariffs on U.S. energy products, including LNG.
China imports about $6.2 billion of U.S. LNG
Mar 2025: Direct U.S. LNG imports halt following tariffs
Sep 14, 2026: China Gas and Venture Global announce 20-year contract
Later Sep: Xi expected in Washington
2030: New LNG deliveries scheduled to begin.
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1. reuters.comView Original
