Venture Global Reports Record Shipping, Trafigura Deal

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Written by Daniel Graeber for IIR Energy Intelligence (Sugar Land, Texas)

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Summary

The hundreds of cargos delivered last year were a record for the company. The LNG shipper on Monday added that it made a supply deal with Trafigura.

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Five-year Agreement with Trafigura

While reporting a banner year for revenue, liquefied natural gas (LNG) player Venture Global said it had signed a five-year agreement to sell its supplies to global trading house Trafigura.

Venture Global on Monday said that Trafigura signed a binding, five-year agreement to purchase 500,000 metric tons per annum (MTPA) of gas in the liquid form from its U.S. portfolio.

"Global energy demand is stronger than ever, and this is an important step in executing our strategy of adding more mid-term agreements, which will diversify the tenor of our LNG portfolio," said Mike Sabel, the company's chief executive officer (CEO). "Venture Global looks forward to helping ensure the world remains well-supplied in the short, medium, and long term."

Venture Global just last week signed a sales and purchase agreement to supply South Korea-based Hanwha Aerospace with 1.5 MTPA from its U.S.-sourced assets for 20 years, starting in 2030.

Venture Global is behind the Calcasieu Pass and Plaquemines facilities in Louisiana, both of which are set for expansions. Plaquemines already is the second-largest export terminal for LNG in the U.S., after Cheniere Energy's terminal in Sabine Pass, Louisiana.

IIR Energy in its NATGAS Today report found that Calcasieu Pass and Plaquemines combined for about 30% of the total feed gas supporting LNG exports.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more about Venture Global's LNG footprint--including capacities, investment values and necessary equipment--in a detailed company profile.

Venture Global's portfolio is supporting the U.S. position as the world leader in exports of LNG, a central component of President Donald Trump's strategy for energy dominance. With feed gas levels running close to 19 billion cubic feet per day (Bcf/d) over the last week, the federal government believes LNG levels could double by the start of the next decade.

By the Numbers

• 380 vessels left Venture Global terminals last year
• $4.4 billion in fourth-quarter revenue
• 500,000 tons per annum for Trafigura

A Record Year in Shipments

On Monday, Venture Global said it set a record last year with 380 vessels laden with LNG leaving its terminals, a 181% increase from 2024 levels. Sabel, the CEO, said he expected 2026 to repeat that success, with cargos expected to top 500 and a final investment decision coming on the second phase of its Calcasieu Pass terminal. All its facilities, meanwhile, eventually will include carbon sequestration technology.

Elsewhere, the company reported Monday that it generated $4.4 billion in revenue during the fourth quarter, a 192% increase from the same period in 2024. Net income of $1.1 billion marked a year-over-year increase of 23%, the company said.

Much of the increase came from the start of operations at the Plaquemines facility. Drawing largely from the nearby Haynesville play, Plaquemines took in its first batch of 100 million cubic feet of natural gas for liquefaction in December 2024.

The U.S. has been the global leader in LNG exports since the outbreak of the war in Ukraine in 2022, supporting energy security for Europe. Recent arrangements are tapping the Asian economies, though long shipping routes from the U.S. Gulf Coast can be an impediment.

There could be supply-side pressures that would deter investments beyond 2030, various reports have indicated. The U.S. government expects LNG levels to run at about 16.4 Bcf/d this year, a 9.3% increase from year-ago levels should the early-year forecasts prove accurate. Supplies could jump by another 10.3% by next year to reach 18.1 Bcf/d.

Key Takeaways

• Venture Global supporting top LNG position for U.S.
• LNG deliveries could jump 10.3% next year
• Carbon capture featured at LNG

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About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resources' Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR News Intelligence) 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) 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 250,000 current and future projects worth $30.2 trillion (USD).