(BOE Report)– Venture Global has won a legal battle against Shell over its failure to deliver liquefied natural gas under long-term contracts starting in 2023, the U.S. LNG major said on Tuesday. The company’s stock price rose almost 6% in after hour trade as investors cheered the decision. Firms, including Shell, BP, Edison and Galp, filed arbitration claims starting
Publisher’s Note: Eni SpA will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – Venture Global and Itay’s Eni today announced the execution of a new Sales and Purchase Agreement (SPA) for the purchase of 2 MMtpa of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project, for 20 years. This
(Oil Price) – Venture Global is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity if regulators approve the CP2 export project, Reuters reports, citing LSEG and project data. Venture Global is urging the Federal Energy Regulatory Commission (FERC) to greenlight its third liquefaction plant, CP2 in Louisiana, by the middle of the year. The CP2 LNG
(BOE Report) – The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the recovery in new offerings may be a cautious one. Touted as the first blockbuster listing of 2025, the LNG exporter was initially aiming for a price tag as
(Oil Price) – LNG producer and exporter Venture Global went public this week, raising $1.75 billion for a total valuation of $60 billion. The company priced its share offering at $25 apiece, it said in a statement, which added the offering period will end on January 27. The price of the placement is a lot lower than Venture Global initially planned. The
(Oil Price) – U.S. LNG developer and producer Venture Global is set to produce the first liquefied natural gas from its newest project, Plaquemines LNG, as soon as this week, but the commissioning phase will last up to two years during which Venture Global will keep all revenues. The first production at Plaquemines LNG, possibly this week, would be the first
BOE Report Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company’s capital and it can easily sell its U.S. gas, said a top official on Thursday. The head of Chevron’s midstream, Colin Parfitt, also ruled out taking an equity stake in Woodside Energy’s impending purchase of Louisiana-based
BOE Report U.S. liquefied natural gas (LNG) exporter Venture Global LNG this year became one of the country’s largest producers of the superchilled gas and the industry’s most contentious supplier, facing contract claims by six customers. The duo who founded the company, co-chairs Michael Sabel and Robert Pender, have turned the booming business upside down through strong contracts, good timing
UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG … Username or E-mail Password Remember Me Forgot Password
By Tyler Losier, Energy Reporter, Oil & Gas 360 Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed on the project financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. The proceeds
From The Houston Chronicle Venture Global has proposed a third LNG project on the Gulf Coast called Delta LNG. The above rendering shows a proposal for a separate LNG project also proposed by Venture Global on the Gulf Coast called Calcasieu Pass LNG. Virginia-based Venture Global is revealing plans for its third proposed LNG export project on the Gulf Coast.
Firm secured 20 year contract to supply gas to Poland starting in 2022 From Reuters Venture Global LNG Inc’s Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana took a big step toward receiving federal approval for construction on Monday after staff at the U.S. energy regulator issued a final environmental report. In the report, known as a final
