Venture Global shipped 100 LNG cargoes in Q3

US LNG exporter Venture Global LNG shipped a total of 100 LNG cargoes from its Calcasieu Pass and Plaquemines LNG export terminals in the third quarter of this year.

Venture Global revealed this in an SEC filing on Monday, saying the 100 cargoes total 371.8 TBtu, while the company realized a weighted average fixed liquefaction fee of $5.07/MMBtu.

This compares to 89 LNG cargoes in the second quarter and 63 LNG cargoes in the first quarter of this year.

For the quarter ended September 30, 2025, Venture Global exported 36 cargoes totaling 133 TBtu from its Calcasieu Pass facility, realizing a weighted average fixed liquefaction fee of $1.97/MMBtu.

In April, Venture Global launched commercial operations at its Calcasieu Pass LNG terminal in Louisiana, some 68 months from its final investment decision and 38 months after production start.

The Calcasieu Pass facility consists of 18 modular units configured in 9 blocks.

Customers of the Calcasieu Pass facility include Shell, BP, Repsol, Edison, Galp, PGNiG, now part of Orlen, Sinopec’s unit Unipec, and CNOOC.

Venture Global also received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal. It also received DOE approval for an uprate amendment.

Calcasieu Pass proposed to increase the project’s authorized export capacity from 12 million metric tons per annum (mtpa) to 12.4 mtpa, or approximately 620 billion cubic feet per year (Bcf/y) to 640.7 Bcf/y, to reflect the project’s actual capabilities under optimal conditions.

Plaquemines LNG

Venture Global said in the filing that it has exported 64 cargoes totaling approximately 238.8 TBtu from its Plaquemines LNG facility in Louisiana during the third quarter.

The company realized a weighted average fixed liquefaction fee of $6.79/MMBtu.

“For the quarter ended September 30, 2025, we exported two DES cargoes from our Plaquemines LNG facility on our owned or chartered LNG vessels that will be recognized in the following quarter,” Venture Global said.

Additionally, the firm recognized revenue from 2.88 TBtu from a partially loaded cargo at the Plaquemines facility.

Venture Global took a final investment decision on the first phase of the Plaquemines project with a capacity of 13.3 mtpa and the related pipeline in May 2022, while the company sanctioned the second phase in March 2023.

The full project, including the second stage, features 36 modular units, configured in 18 blocks. Each train has a capacity of 0.626 mtpa.

Earlier this year, Venture Global also received approval from FERC to boost the capacity of its Plaquemines LNG terminal to 27.2 mtpa.

In December 2024, Venture Global shipped the first Plaquemines LNG cargo. The facility exported 29 LNG cargoes during the first quarter of this year and 51 cargoes during the second quarter.

The company is targeting a COD (commercial operations date) for the Plaquemines project in the fourth quarter of 2026 for Phase 1 and in mid-2027 for Phase 2.

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