Venture Global Capitalizes on Spot Sales From Plaquemines LNG
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3 Articles
Venture Global Capitalizes on Spot Sales From Plaquemines LNG
U.S. LNG exporter Venture Global is cashing in on its recently launched Plaquemines LNG plant, which has yet to be commissioned, by selling cargoes on the spot market, making much more money from the facility than the commissioned Calcasieu Pass plant which now sells LNG under long-term contracts. In December 2024, Venture Global reached first LNG production at its second facility, Plaquemines LNG, in Port Sulphur, Louisiana. While the plant ach…
Venture Global Capitalizes on Spot Sales from Plaquemines LNG: A Financial Windfall with Long-Term Implications
Venture Global, a rising star in the U.S. liquefied natural gas (LNG) export market, is making waves with its strategic play at the Plaquemines LNG facility in Port Sulphur, Louisiana. The plant, which achieved first LNG production in December 2024 but remains in the commissioning phase, has become a cash cow for the company through spot market sales. By leveraging the flexibility of its not-yet-fully-commissioned status, Venture Global is rakin…
Venture Global Cashes in on Exports from Plaquemines LNG Plant, SEC Filing Shows - Energy News, Top Headlines, Commentaries, Features & Events
Venture Global exported more liquefied natural gas (LNG) cargoes from its Plaquemines export facility in Louisiana and earned more than double in fees compared with its other U.S. plant, a company filing showed on Monday. The LNG company exported 51 cargoes from Plaquemines at an average liquefaction fee of $7.09 per million British thermal units ...
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