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LNG: Venture Global Sells Early 2025 LNG Cargoes from Plaquemines: Platts

LNG
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Venture Global has sold LNG cargoes from its new Plaquemines terminal for the initial months of 2025 through a short-term strip offered earlier in 2024, sources told Platts.

  • The LNG sales total 4-5 cargoes per month on a FOB and DES basis, affirming expectation that Plaquemines could start LNG exports from Jan. 2025
  • Venture Global received permission from the US Federal Energy Regulatory Commission to introduce feedgas to the first liquefaction units at the Plaquemines facility on Nov. 21.
  • The US-based LNG exporter had offered an LNG strip loading from the Plaquemines terminal as early as October.
  • Sources said that some of the January loading LNG cargoes were sold at an equivalent to around TTF minus 60-70 cents/MMBtu.
  • Venture Global is also offering LNG cargoes for the remainder of 2025, and some prospective buyers have been bidding on these, accounting for weaker freight due to lower LNG shipping rates.
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Venture Global has sold LNG cargoes from its new Plaquemines terminal for the initial months of 2025 through a short-term strip offered earlier in 2024, sources told Platts.

  • The LNG sales total 4-5 cargoes per month on a FOB and DES basis, affirming expectation that Plaquemines could start LNG exports from Jan. 2025
  • Venture Global received permission from the US Federal Energy Regulatory Commission to introduce feedgas to the first liquefaction units at the Plaquemines facility on Nov. 21.
  • The US-based LNG exporter had offered an LNG strip loading from the Plaquemines terminal as early as October.
  • Sources said that some of the January loading LNG cargoes were sold at an equivalent to around TTF minus 60-70 cents/MMBtu.
  • Venture Global is also offering LNG cargoes for the remainder of 2025, and some prospective buyers have been bidding on these, accounting for weaker freight due to lower LNG shipping rates.