Reports related to this article:
Plant(s): View 2 related plants in PECWeb
Released August 13, 2025 | SUGAR LAND
en
Written by Daniel Graeber for Industrial Info Resources (Sugar Land,
Texas)--Riding on the back of its Plaquemines project in Louisiana, Venture Global (Arlington, Virginia) said in its second-quarter earnings release that liquefied natural gas (LNG) exports should be at the high end of its guidance for this year.
This week, Venture Global issued a request to the U.S. Federal Energy Regulatory Commission (FERC) to bring its 16th liquefaction train online at Plaquemines. If approved, production would expand from 18.6 million metric tons per annum (MMTPA) of LNG to 24.8 MMTPA.
"With 28 of 36 liquefaction trains at the Plaquemines project now producing LNG, we expect total cargos across our projects to be at the high end of the previous guidance range of 367 to 389 cargos for the year," the company said.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more about Plaquemines from a detailed plant profile. Subscribers can click here for a list of detailed reports for active and proposed projects at the complex.
The U.S. is the world leader in LNG exports and recently overtook Russia to become the No. 2 supplier to the European economy, behind Norway. An early-year report from the London-based International Gas Union (IGU), meanwhile, found Plaquemines helped support a net increase in LNG volumes from the U.S. so far this year.
The first-ever cargo from Plaquemines was loaded for Germany in late December onto the Venture Global Bayou, one of the new vessels in Venture Global's fleet that are designed to transport LNG.
Elsewhere, the company is moving forward with the second phase of its Calcasieu Pass facility (CP2) after making a final investment decision in July. Operations there should begin in about two years. Subscribers can learn more about CP2 from a detailed plant profile. Subscribers can click here for a list of detailed reports for active and proposed projects at the complex.
"We are proud to have delivered a quarter of great growth, while continuing to generate strong returns for our shareholders," said Mike Sabel, the company's chief executive officer, in a statement Tuesday.
Combined advances in its portfolio could put the total export capacity for Venture Global at 92 MMTPA by the end of the decade, making it one of the largest LNG exporters in the world.
Venture Global on Tuesday reported net income of $368 million, a 21% improvement over the prior period. Income of $764 million over the six months ending June 30 marked a 20% decline, however, from the same period in 2024.
The company reported total revenue of $3.1 billion during the second quarter, compared with $1.1 billion during the second quarter of 2024.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
This week, Venture Global issued a request to the U.S. Federal Energy Regulatory Commission (FERC) to bring its 16th liquefaction train online at Plaquemines. If approved, production would expand from 18.6 million metric tons per annum (MMTPA) of LNG to 24.8 MMTPA.
"With 28 of 36 liquefaction trains at the Plaquemines project now producing LNG, we expect total cargos across our projects to be at the high end of the previous guidance range of 367 to 389 cargos for the year," the company said.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more about Plaquemines from a detailed plant profile. Subscribers can click here for a list of detailed reports for active and proposed projects at the complex.
The U.S. is the world leader in LNG exports and recently overtook Russia to become the No. 2 supplier to the European economy, behind Norway. An early-year report from the London-based International Gas Union (IGU), meanwhile, found Plaquemines helped support a net increase in LNG volumes from the U.S. so far this year.
The first-ever cargo from Plaquemines was loaded for Germany in late December onto the Venture Global Bayou, one of the new vessels in Venture Global's fleet that are designed to transport LNG.
Elsewhere, the company is moving forward with the second phase of its Calcasieu Pass facility (CP2) after making a final investment decision in July. Operations there should begin in about two years. Subscribers can learn more about CP2 from a detailed plant profile. Subscribers can click here for a list of detailed reports for active and proposed projects at the complex.
"We are proud to have delivered a quarter of great growth, while continuing to generate strong returns for our shareholders," said Mike Sabel, the company's chief executive officer, in a statement Tuesday.
Combined advances in its portfolio could put the total export capacity for Venture Global at 92 MMTPA by the end of the decade, making it one of the largest LNG exporters in the world.
Venture Global on Tuesday reported net income of $368 million, a 21% improvement over the prior period. Income of $764 million over the six months ending June 30 marked a 20% decline, however, from the same period in 2024.
The company reported total revenue of $3.1 billion during the second quarter, compared with $1.1 billion during the second quarter of 2024.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
