8/27/2023 0 Comments Venture global stock![]() Venture Global is a long-term, low-cost provider of U.S. Importantly, low-cost LNG supplied to the region will accelerate fuel switching and lower carbon emissions, contributing meaningfully to China and the world's existing climate targets." Through relentless execution and innovation, our company will continue to bring much needed new capacity to the global LNG market, supporting energy security and environmental progress both in Asia and Europe. Mike Sabel, Chief Executive Officer of Venture Global LNG said, "Venture Global is pleased to welcome China Gas as a customer both at Plaquemines and CP2. We look forward to working with Venture Global over the coming years to help further reduce greenhouse gas emissions." These two SPAs increase additional volume for our LNG portfolio and strengthen China Gas's supply ability. Ltd., said "As a major participant in China's energy market, we are committed to providing reliable and low-carbon LNG to Chinese customers. Liu Minghui, Chairman and President of China Gas Holdings Co. Under the deals, China Gas will buy 1 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from Plaquemines LNG and another 1 MTPA from the CP2 LNG export facility, both in Louisiana. 23, 2023 /PRNewswire/ - Today, Venture Global LNG and China Gas Holdings Limited ("China Gas" or the "Group" stock code: 384), a leading natural gas operator in China, announced that the wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD ("China Gas Hongda") and Venture Global LNG ("Venture Global"), have signed two 20-year LNG Sales and Purchase Agreements (SPA). "We have it today, that we can make these reductions, because the developing world is still bringing into service large amounts of coal plants." He added, "The larger that gas deals are, with anybody, the more you are directly reducing future potential CO2 emissions.Deal Ensures Two Million Tonnes of LNG Supply per YearĪRLINGTON, Va., Feb. "It's greater than any other thing that's going on in the world today, in terms of investments in future potential reduction based on new technologies," Sabel said. "The biggest impact you could have today in direct reduction in CO2 emissions is abatement of coal," Sabel told CNBC. "This gigantic deal we announced, in addition to energy security for China and diversification of supply and great price, was also about directly reducing emissions." He emphasized that investment in current energy infrastructure is critical to lowering global carbon dioxide emissions. China is currently undergoing an energy crunch, with some analysts saying that shortages could lead the country to have to build more coal plants. ![]() Sabel also said that given China's current demand for alternative energy, deals such as this one serve a long-term purpose to reduce the impact of global climate change and carbon emissions. "Relative to some of the international projects, more than 50%." producers traditionally, we've probably shaved 30% off the cost," he said. One of Venture Global's priorities has been to try to control production efficiencies, Sabel said, adding it was a factor in making the Sinopec deal happen. liquefied natural gas to China - and at 4 million metric tons each year, it's twice the size of a deal that Sinopec reached with Qatar earlier this year. The new Venture Global-Sinopec contract will double imports of U.S. " reflects the shared mission of Sinopec and Venture Global in promoting the global energy transition," Sinopec President Ma Yongsheng said in a statement, stressing it's a significant step in achieving carbon emission and neutrality goals. "That's what our good friends and our customers at Sinopec in China were looking for." "We've relentlessly focused on delivering the lowest possible delivered clean LNG to the market," Sabel added. The deal also makes Venture Global the top American LNG exporter to China. The company will deliver the product from its plant in Plaquemines, Louisiana. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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