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Venture Global, Inc. (NYSE:VG) announced Monday the export volumes and weighted average fixed liquefaction fees for liquefied natural gas (LNG) cargos shipped from its Calcasieu Pass and Plaquemines LNG facilities for the quarter ended June 30, 2025.
According to a press release statement, the company exported 38 cargos totaling approximately 140.2 trillion British thermal units (TBtu) from its Calcasieu Pass facility during the quarter, with a weighted average fixed liquefaction fee of about $2.66 per million British thermal units (MMBtu).
From its Plaquemines LNG facility, Venture Global reported exports of 51 cargos totaling roughly 190.5 TBtu, with a weighted average fixed liquefaction fee of $7.09 per MMBtu for the same period.
The company stated that revenue from LNG sales is recognized at the point when the LNG is delivered to the customer at the agreed terminal, which is when legal title, physical possession, and the risks and rewards of ownership transfer. For cargos exported on a Free on Board (FOB) basis, revenue is generally recognized when the LNG vessel is loaded and departs from the facility. For cargos on a Delivered Ex-Ship (DES), Delivered Place Unloaded (DPU), or other delivered basis, revenue is generally recognized upon delivery at the vessel’s destination.
Venture Global noted that for the quarter ended June 30, 2025, it exported two DES cargos from the Plaquemines LNG facility on owned or chartered vessels, with revenue for these to be recognized in the following quarter.
The company said that net income, cash flow, and other financial results for the second quarter will be announced with its upcoming earnings report. The disclosed export volumes and liquefaction fees represent only a portion of the company’s operating performance for the quarter.
This information is based on a statement released in a filing with the Securities and Exchange Commission.
In other recent news, Venture Global announced a significant 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., under which PETRONAS will purchase 1 million tonnes per annum of liquefied natural gas from Venture Global’s CP2 LNG facility. This deal expands on a previous agreement with PETRONAS and increases the total sales from the CP2 Phase One to approximately 10.75 million tonnes per annum out of its 14.4 million tonnes per annum capacity. Moody’s Ratings recently upgraded Venture Global Calcasieu Pass, LLC’s senior secured notes to Ba1, citing corrective work completion and a stable outlook. Despite ongoing arbitration proceedings with some customers, the company is expected to generate substantial annual EBITDA under existing contracts. In analyst updates, UBS downgraded Venture Global from Buy to Neutral due to limited upside potential after a significant rally, although they raised the price target to $18.00. Meanwhile, Mizuho (NYSE:MFG) raised its price target to $17.00, maintaining an Outperform rating, and highlighted Venture Global’s strong production capabilities and measured growth approach. The company is developing over 100 million tonnes per annum of production capacity across its facilities, with plans for carbon capture and sequestration projects.
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