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 achieved first LNG production, its buyers under long-term contracts – including ExxonMobil, Chevron,…