China Petroleum & Chemical Corporation has signed a 20-year liquified natural gas (LNG) contract with U.S. LNG producer and exporter Venture Global LNG on November 4, 2021, to purchase 4 million tons of LNG a year. Venture Global will supply the LNG from its plant in Plaquemines, Louisiana. In addition, China International United Petroleum & Chemicals ("UNIPEC"), a subsidiary of Sinopec, will purchase LNG resources totaling 3.8 million tons from Venture Global's Calcasieu Pass project.