"Venture Global Acquires Nine LNG Carriers for Global Shipping Operations"

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Source: Reuters
"Venture Global Acquires Nine LNG Carriers for Global Shipping Operations"
Photo: Reuters
TL;DR Summary

Venture Global LNG is set to acquire a fleet of nine LNG transport vessels, expanding its capacity to sell and ship its own cargoes. The company has faced complaints from energy giants over its independent sales from the Calcasieu Pass plant in Louisiana, which has yet to start full commercial operations due to equipment malfunctions. Despite this, Venture Global plans to complete the commissioning of the plant by the end of the year and is also eyeing future LNG projects in Louisiana. The company aims to play a bigger role in the global LNG supply chain and is considering developing liquefaction facilities outside the U.S. if the U.S. government's pause on approving new LNG projects continues.

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