Why These Energy Stocks are Gaining This Week

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1. Venture Global, Inc. (NYSE:VG)

Share Price Gains Between July 7 – July 11: 17.94%

Topping our list of Energy Stocks that Gained This Week is Venture Global, Inc. (NYSE:VG), which develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States.

Venture Global, Inc. (NYSE:VG) shot up this week following a series of positive developments for the company. It was recently reported that the LNG producer has signed a multi-year sales and purchase agreement (SPA) with Petronas LNG, a subsidiary of  Malaysia’s state-owned oil and gas giant Petronas. According to the agreement, Petronas will purchase 1 million tonnes per annum (MTPA) of LNG from VG’s third export facility, CP2 LNG, which is expected to begin deliveries in 2027.

Moreover, Venture Global, Inc. (NYSE:VG) announced this week that it has finalized an agreement with Securing Energy for Europe GmbH (SEFE) to provide the latter with an additional 0.75 MTPA of LNG from CP2 LNG for 20 years.

While we acknowledge the potential of VG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

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