The filing dated March 17 shows that Venture Global Plaquemines LNG entered into a transaction confirmation with gas trader Citadel Energy Marketing, a unit of hedge fund Citadel, on February 26.
Venture Global’s unit said this agreement follows a base contract for the sale and purchase of natural gas under which Plaquemines LNG will purchase natural gas on a long-term basis from Citadel.
The deal is for two years.
Plaquemines LNG will buy 36,500,000 MMBtu/year from Citadel.
Venture Global’s unit did not provide further details.
In September 2025, Plaquemines LNG signed a new natural gas sale and purchase deal with shale gas producer Apex Natural Gas.
This deal is for two years and seven months.
Before this, Plaquemines LNG entered into a deal to purchase natural gas on a long-term basis from gas marketer Tenaska Marketing Ventures.
The deal is for three years.
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.
In March 2023, the company sanctioned the second phase of the Plaquemines LNG export plant in Louisiana and also secured $7.8 billion in project financing.
The full project, including the second stage, has 36 modular units, configured in 18 blocks.
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.
Last year, Venture Global received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal to 27.2 mtpa, without any new facilities, construction activities, or modifications to the previously authorized facilities.
In addition to this capacity boost, Venture Global is seeking approval from FERC to increase the capacity of its Plaquemines LNG terminal to 35 mtpa.
Venture Global expects to add approximately 13 mtpa of bolt-on capacity at both the Plaquemines and its CP2 LNG terminals.
