Reuters: New LNG plant to boost Venture Global profits as Calcasieu serves long-term customers

April 10, 2025

With commissioning of Calcasieu Pass imminent, Venture Global’s newer and larger Plaquemines LNG plant is ramping up production for the lucrative spot market. It started producing in mid-December. Venture Global says it will commission the plant in two-year phases, a timetable analysts say will boost its profit outlook. Plaquemines is now producing at 140% of design capacity and in three months has already sold 29 cargoes at an average liquefaction fee of $7.26 per million British thermal units (MMBtu), according to an SEC filing last Thursday. “One can reasonably see the company’s overall revenue increasing from LNG sales on the spot market from Plaquemines, and some revenue from Calcasieu Pass”, said Jason Feer, Poten and Partners’ business intelligence chief. To read the full article, please click here.