Venture Global reports that it exported 29 cargoes of LNG from Plaquemines plant in Q1
Venture Global, a U.S. developer of liquefied gas in Louisiana, exported 29 cargoes during the first quarter 2025 from its Plaquemines plant. The company announced this in a filing to the Securities and Exchange Commission on Thursday.
Venture Global reported that it had received an average fixed liquefaction charge of $7.26 for every million British thermal unit (mmBtu), from its Plaquemines Plant, in a filing with the U.S. Securities and Exchange Commission.
The company played a key role in helping America become the largest exporter of super-cooled gas, by producing LNG ahead of schedule at its plants even while parts of them remain under construction.
According to LSEG data, Venture Global's Plaquemines LNG plant is its second facility. It pulled 2.15 billion cubic foot of gas on Thursday as it ramped up production quickly.
According to a Tuesday note from Tudor Pickering Holt & Co., the plant produced its first LNG only in December. It is now operating at 140% its design capacity.
Plaquemines pulls more gas than Calcasieu Pass (also located in Louisiana), the first plant of the company. According to the same regulatory filing, the facility exported 34 cargoes for an average liquefaction charge of $8.80/mmBtu in the first quarter of 2025.
Venture Global has completed Phase 1 Plaquemines, and Phase 2 is under construction. Documents show that the company has already requested permission from the Federal Energy Regulatory Commission for the introduction of natural gas in parts of Phase 2.
The timing of Plaquemines Phase 2 and Golden Pass, a joint-venture between QatarEnergy & Exxon Mobil could have a significant impact on the forecast of U.S. Natural Gas demand, because the two facilities account for 19% of the incremental U.S. Liquefied Natural Gas export capacity in 2025 and 2026. This was stated by the U.S. Energy Information Agency.
Golden Pass expects its first LNG train to be operational in the second half 2025. Reporting by Vallari Shrivastava from Bengaluru, Curtis Williams from Houston; editing by Shinjini Ganuli and Ni Williams
(source: Reuters)
