QatarEnergy is in advanced talks with Venture Global for a long-term supply deal to buy at least 3 million metric tons of LNG per year, three people with knowledge of the negotiations told Reuters.
Venture Global said on Thursday an arbitration tribunal found its Calcasieu Pass unit breached a long-term supply agreement with Portugal's Galp by failing to declare commercial operations at the LNG project on time.
Venture Global 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.
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