Venture Global has executed two short-term charters for additional LNG tankers. The vessels were delivered in August and September 2024, bringing its total shipping portfolio to a total of
Optimizing LNG marketing and sales
Venture Global said it is assembling a fleet of at least 11 LNG tankers to provide additional optionality to spot and term customers and to service contracts with transportation or delivery components.
The company has also acquired firm regasification capacity at UK’s Grain LNG terminal, Europe’s largest regasification terminal, to import 42 LNG cargoes per year from 2029 until 2045.
Additionally, the company has secured about 1 mtpa of LNG regasification capacity at the new Alexandroupolis FSRU-based terminal in Greece for five years, beginning in 2025, which equates to about 12 cargoes annually.
“We believe that such shipping and regasification capabilities will support our ability to optimize LNG marketing, sales, and logistics to reach new markets and customers,” the company said.
As previously reported, the company revealed in the registration statement it plans to boost its export capacity to 104.4 mtpa via five projects by 2034.
Venture Global said its five current projects are being designed to deliver a total expected peak production capacity of 143.8 mtpa, which consists of an aggregate of 104.4 mtpa expected nameplate capacity and an aggregate of 39.4 mtpa of expected excess capacity.
The firm currently exports LNG from its Calcasieu Pass Pass in Louisiana, which is still in the commissioning phase, and it recently started production at its Plaquemines LNG export plant in Louisiana.
Besides these two projects, Venture Global is working on the proposed CP2 LNG project in Louisiana, the Delta project, and the newly revealed CP3 project.
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