VG Wants an Extra 15 Months for Commissioning Plaquemines LNG

We'll begin this post with this statement: We're not surprised. At the end of last December, Venture Global’s Plaquemines LNG export facility officially shipped its first cargo to Germany. Unfortunately for Venture Global’s contracted customers, they will have to wait to receive their legally contracted shipments. Venture Global said that it would (as it did with the Calcasieu Pass facility) pretend the Plaquemines LNG is not “commercially ready” while shipping all sorts of LNG cargoes around the world. The practice allows the company to cream the market and make more money for the first couple of years (see Plaquemines LNG Coming Online, Will Hose Customers for 2 Years). We consider it a disgusting business practice. And now, VG wants *another* 15 months added to the calendar to continue this practice.

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