Venture Global LNG Gets 2.6X More on Spot Market vs. Contracted Cust.

No wonder Venture Global continues to love the model of signing up customers to buy its LNG via contract (which reassures investors so they give money to build a plant), then denies those contracted customers their shipments FOR YEARS under the pretense that they are still working the kinks out at the facility (called commissioning) while at the same time selling cargoes of LNG on the open/spot market. VG is receiving 2.6 times more money for spot market cargoes compared to cargoes shipped to contracted customers. The question we can't answer is, why do any new customers sign up, given the company's history?

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