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Released November 11, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)
Subscribers to IIR Energy can view a sample of the NATGAS TODAY report for full details about gas markets in North America, including detailed specifics on flows from Calcasieu and Plaquemines.
Plaquemines, the larger of the two, helped total U.S. feed gas set a record November 9 at 18.7 billion cubic feet, with the Louisiana facility alone accounting for 20% of that volume. On Monday, Venture Global said 100 cargoes laden with LNG left its terminals during the third quarter, setting a record for the company and beating year-ago levels by nearly 70 deliveries.
With Plaquemines adding more liquefaction units, or trains, Venture Global said it expects total cargos to be around 384 for the year.
Subscribers to Industrial Info's Global Market Intelligence Oil & Gas Production Plant Database can view more information on the Calcasieu Pass and Plaquemines export facilities.
"The Venture Global team continues to excel operationally, as evidenced by the significant accomplishments we achieved this quarter, including the 100 cargos we exported in Q3, our elevated financial performance year-over-year and successful capital transactions, and the execution of over 5 MTPA [million metric tons per annum] in new LNG supply agreements," said Mike Sabel, the company's chief executive officer.
Venture Global added Monday that it signed a deal to supply Spanish energy company Naturgy with 1 million metric tons per annum of gas in the liquid form over a 20-year period. That followed a deal for 0.5 MTPA with the newly-formed Atlantic-SEE in Greece.
On financials, the company reported $3.3 billion in revenue over the three-month period ending September 30, a 260% increase over the same period last year. That comes amid concerns of a glut, with the International Energy Agency saying supplies could overtake demand beyond 2030.
Alaska LNG, also long on the shelf, would be the only facility on the U.S. West Coast that could deliver super-cooled gas to Asian economies, and it's already supported by offtake agreements from Japan. The facility would need an 800-mile pipeline through the difficult Alaskan tundra for completion, however, and it's listed as a low-probability project in IIR Energy's database.
Subscribers can view details on the Lake Charles and Alaska LNG projects.
LNG in the U.S. energy sector is on a growth trajectory, with exports expected to increase annually by around 6% next year. Creating a council for energy dominance, President Donald Trump signed executive action during his first months in office that led to a surge in permits for exports, though not all of the sanctioned LNG facilities will see the light of day.
By the Numbers
About Industrial Info Resources
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) 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 over 200,000 current and future projects worth $17.8 Trillion (USD).
Summary
Venture Global said its deliveries during the third quarter were up more than 200% from year-ago levels. The company is behind facilities that account for about 30% of total U.S. LNG export potential.100 Cargos Delivered in the Third Quarter
Riding the wave of success in the U.S. liquefied natural gas (LNG) sector, Venture Global (Arlington, Virginia) said Monday it set a record for cargo deliveries during the third quarter. Venture Global is behind both the Calcasieu Pass and Plaquemines export facilities for LNG from Louisiana. Combined, the facilities account for about 30% of total LNG export capacity.Subscribers to IIR Energy can view a sample of the NATGAS TODAY report for full details about gas markets in North America, including detailed specifics on flows from Calcasieu and Plaquemines.
Plaquemines, the larger of the two, helped total U.S. feed gas set a record November 9 at 18.7 billion cubic feet, with the Louisiana facility alone accounting for 20% of that volume. On Monday, Venture Global said 100 cargoes laden with LNG left its terminals during the third quarter, setting a record for the company and beating year-ago levels by nearly 70 deliveries.
With Plaquemines adding more liquefaction units, or trains, Venture Global said it expects total cargos to be around 384 for the year.
Subscribers to Industrial Info's Global Market Intelligence Oil & Gas Production Plant Database can view more information on the Calcasieu Pass and Plaquemines export facilities.
"The Venture Global team continues to excel operationally, as evidenced by the significant accomplishments we achieved this quarter, including the 100 cargos we exported in Q3, our elevated financial performance year-over-year and successful capital transactions, and the execution of over 5 MTPA [million metric tons per annum] in new LNG supply agreements," said Mike Sabel, the company's chief executive officer.
Venture Global added Monday that it signed a deal to supply Spanish energy company Naturgy with 1 million metric tons per annum of gas in the liquid form over a 20-year period. That followed a deal for 0.5 MTPA with the newly-formed Atlantic-SEE in Greece.
On financials, the company reported $3.3 billion in revenue over the three-month period ending September 30, a 260% increase over the same period last year. That comes amid concerns of a glut, with the International Energy Agency saying supplies could overtake demand beyond 2030.
Other LNG Facilities Might Not Make It
Despite Venture Global's stellar performance, the U.S. LNG sector may already be facing headwinds. Executives at Energy Transfer Partners (Dallas, Texas) said they would hold off on a final investment decision (FID) on its proposed Lake Charles LNG project in Louisiana until 80% of the project was sold off to equity partners, potentially delaying a facility that secured construction permits more than a decade ago.Alaska LNG, also long on the shelf, would be the only facility on the U.S. West Coast that could deliver super-cooled gas to Asian economies, and it's already supported by offtake agreements from Japan. The facility would need an 800-mile pipeline through the difficult Alaskan tundra for completion, however, and it's listed as a low-probability project in IIR Energy's database.
Subscribers can view details on the Lake Charles and Alaska LNG projects.
LNG in the U.S. energy sector is on a growth trajectory, with exports expected to increase annually by around 6% next year. Creating a council for energy dominance, President Donald Trump signed executive action during his first months in office that led to a surge in permits for exports, though not all of the sanctioned LNG facilities will see the light of day.
By the Numbers
- 100 cargoes for Venture Global in Q3
- $3.3 billion: third-quarter revenue
- 6% increase in overall U.S. LNG exports expected by next year
- Venture Global set a record with LNG deliveries in Q3
- The company's revenue surged more than 200% year-on-year
- The LNG sector is getting bloated
About Industrial Info Resources
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) 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 over 200,000 current and future projects worth $17.8 Trillion (USD).
