Venture Global Plaquemines Begins to Load & Ship LNG

As we told you on Friday, it was looking like Venture Global’s Plaquemines LNG export facility (Plaquemines Parish, Louisiana) would start to liquefy natural gas as early as Friday (see Plaquemines LNG Coming Online, Will Hose Customers for 2 Years). Indeed, it happened. Venture Global issued a press release on Saturday to confirm that the facility, at least the initial parts of it, is now up and running. Like its Calcasieu Pass LNG project, Venture Global plans to pretend it's finishing things up and, at the same time, cream the market by NOT selling gas to its legally contracted customers and instead selling the cargoes on the open/spot market, which will make them more money.

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