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Texas Based LNG Company Expected to Sign $18 Billion Supply Deal with China

Houston liquefied natural gas company Cheniere Energy is expected to sign an $18 billion LNG supply deal with China, two media outlets are reporting.


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Cheniere declined to comment but both The Wall Street Journal and S&P Global Platts report that the Houston company is close to signing a long-term LNG supply deal with China’s state-run oil company Sinopec.
The $18 billion deal could be announced as part of a broader US-China trade deal at a summit between U.S. President Donald Trump and Chinese President Xi Jinping at the end of March. [read more]

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