finance
Venture Global Reports 69% Rise in LNG Liquefaction Fees in Q2
Venture Global reported a 69% increase in liquefaction fees to $6.45 per million British thermal units in the second quarter. The company recorded revenue from 466.4 trillion thermal units sold, down from 480.8 TBtu in the first quarter. Exports from its two Louisiana facilities totaled 127 cargoes during the period.
Jul 9, 1:45 AM·1m read1 source
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Venture Global reported a 69% increase in its liquefaction fees for the second quarter, reaching $6.45 per million British thermal units from $3.82 per mmBtu in the first quarter. The company attributed the change to disruptions in Middle East LNG flows.
In a regulatory filing cited by Reuters, Venture Global said it generated revenue from sales totaling 466.4 trillion thermal units in the second quarter, down from 480.8 TBtu in the first quarter.
Global exported 37 cargoes from its Calcasieu Pass facility and 90 cargoes from its Plaquemines facility during the second quarter. These figures compare to 38 cargoes from Calcasieu Pass and 92 from Plaquemines in the first quarter. Calcasieu Pass began production in 2022.
Plaquemines began unofficial operations late last year while still under construction, with an official launch originally scheduled for 2027. The company now has more than 100 million tonnes per annum of LNG capacity across projects in operation, construction, or development.
