Venture Global in talks to sell US LNG to Chinese buyers, Bloomberg News reports (updated)

Venture Global

06/10/2026 16:49

Adds details throughout
Oct 6 (Reuters) - Venture Global VG.N is in talks to sell liquefied natural gas to additional Chinese buyers, Bloomberg News reported on Tuesday, citing people familiar with the matter, as the Iran war disrupts global shipments and spurs China to diversify its supply sources.
The Virginia-based LNG supplier has been holding early-stage discussions on long-term contracts with at least three Chinese LNG importers, including PetroChina, to supply fuel from the American company's export facilities in Louisiana, Bloomberg reported.
China imposed a 15% tariff on US LNG in February 2025 in retaliation for President Donald Trump's duties on Chinese goods. China stopped buying US LNG in March 2025 after Beijing's tariffs on US energy products took effect in mid-February.
In September, China Gas Holdings 0384.HK signed a 20-year deal to buy 0.5 million metric tons a year of US LNG from Venture Global starting in 2030.
The US and China had discussed a plan to reduce or eliminate Chinese tariffs on US LNG as part of a broader energy and agriculture package, people briefed on the talks told Reuters last month, ahead of Chinese President Xi Jinping's visit to Washington, but no such measures were announced.
For PetroChina, the supply would total more than 1 million tons per year, the report added.
Venture Global and PetroChina did not immediately respond to Reuters' request for comment.

 (Reporting by Dharna Bafna in Bengaluru; Editing by Jonathan Ananda and Tasim Zahid)
 ((Dharna.Bafna@thomsonreuters.com))