Venture Global (VG) Set to Become the Largest LNG Player in America

It was recently revealed that Venture Global, Inc. (NYSE:VG) is on track to become the top LNG company in the United States. Let’s shed some light on the development.

A closeup of the Rio Grande LNG terminal facility, showing its massive scale.

Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently among the largest LNG exporters in the United States.

According to a Reuters report, recent LSEG data and company comments have revealed that Venture Global, Inc. (NYSE:VG) is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity, if regulators approve its CP2 export project in Louisiana, and if it continues overproduction at its current plants. The project was initially proposed to have a capacity of 20 million metric tons per annum (mtpa), but the company has now raised the maximum capacity to 28 mtpa. Only a startup three years ago, the LNG exporter already boasts two operational facilities in Louisiana with a combined capacity to produce 38.5 mtpa. So the latest CP2 project, once it is approved and completed, will lift Venture Global’s total capacity to 66.5 mtpa, helping it surpass Cheniere’s expected 60 mtpa of capacity by that time.

The recent commissioning of Calcasieu Pass and Plaquemines projects marked significant milestones for Venture Global, Inc. (NYSE:VG), with both facilities exporting a total of 234 TBtu of LNG during the first quarter of 2025, up 93% from the previous quarter and marking a new record high for the company. Though Venture initially expected to produce 10 mtpa at Calcasieu Pass and 20 mtpa at Plaquemines, these capacities have now been revised up to 12 mtpa and 26.5 mtpa, respectively.

Jason Feer, business intelligence chief at Poten and Partners, stated about Venture Global, Inc. (NYSE:VG):

“The fact that they can have two plants operating and a third close to FID (final investment decision) in three years is testimony to the speed with which they have moved.”

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Disclosure: None.