Venture Global profits from exports at Plaquemines LNG plant, according to SEC filing

Venture Global has capitalized significantly on exporting liquefied natural gas (LNG) from its Plaquemines export facility, according to the details in a recent SEC filing. This Louisiana-based LNG company outperformed its other U.S. plant by exporting a higher number of cargoes. Specifically, it shipped a total of 51 LNG cargoes from its Plaquemines facility during the second quarter of 2025, earning an average liquefaction fee of $7.09 per million British thermal units (mmBtu). In contrast, the company exported fewer cargoes, totaling 38, from its Calcasieu Pass facility at a significantly lower average liquefaction fee of $2.66 per mmBtu over the same period.

Venture Global’s choice to sell LNG from its Calcasieu Pass plant under long-term contracts, as opposed to the spot market, contributed to the lower liquefaction fees in the second quarter. On the other hand, the Plaquemines facility managed to capitalize on higher prices by selling on the spot market, drawing more revenue with its strategic approach. Despite the ongoing commissioning and construction activities at the Plaquemines facility, it was able to fetch better prices from the spot market.

In just three years, Venture Global has emerged as a key player in the U.S. LNG market, now holding the position as the second-largest LNG producer in the country. The company’s success can be largely attributed to its efficient plant construction timeline and extended commissioning period. This has allowed Venture Global to leverage the spot market for higher rates while effectively balancing its commitments to long-term buyers.

Following the commencement of commercial operations at its Calcasieu Pass plant in April, this company faced arbitration cases lodged by prominent oil and gas producers, including BP, Shell, Edison, Orlen, and Repsol. These cases alleged that Venture Global prioritized selling LNG on the spot market, missing contractual obligations to supply the aforementioned companies with their agreed cargoes from Calcasieu Pass. Despite the allegations, Venture Global defended itself by pointing to delays caused by a malfunctioning electric system that hindered optimal plant operations.

Venture Global’s proactive involvement in the U.S. LNG market and strategic decisions regarding operational details have been pivotal in strengthening its position in the industry. Additionally, the company’s adherence to timely construction schedules and flexible operational approaches have further solidified its standing as a leading LNG player in the competitive market space.