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Venture Global Inc (VG) reports record LNG shipments, secures major financing, and expands long-term sales agreements, despite facing inflation and cost challenges.
2don MSN
Why Venture Global Rallied Today
The LNG export company delivered better-than-expected profits in Q2, and also announced it had won an arbitration case brought by a customer.
Venture Global, Inc. announced today that its subsidiary, Venture Global CP2 LNG, LLC, has secured commitments from 19 banks for a $3.0 billion bank loan facility to continue manufacturing ...
Venture Global to get approval for LNG exports from CP2 project, Bloomberg says TipRanks Mar. 19, 2025, 05:55 AM ...
CP2’s authorization is by far Trump’s biggest move on LNG yet. The project’s scale made it a target for climate activists who pressured the Biden administration to block the venture.
So the latest CP2 project will lift Venture Global’s total capacity to 66.5 mtpa, helping it overtake Cheniere’s expected 60 mtpa of capacity by that time.
Venture Global split Cameron Parish 2, or CP2, into two phases, and management expects they will produce 28 mmt/y with 11.5 mmt/y currently contracted from the first phase.
Venture Global rises after beating expectations for Q2 core profit and revenues, as liquefied natural gas sales volumes rose.
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