Venture Global Drops Delta LNG, Eyes Plaquemines

Venture Global has withdrawn its application to build the Delta LNG export facility in Louisiana, redirecting its focus and resources to the faster-developing Plaquemines Expansion Project. The Plaquemines Expansion is expected to deliver nearly the same liquefied natural gas output, around 18 million metric tons per annum, and has already entered the Federal Energy Regulatory Commission’s pre-filing review. Venture Global will retain the Delta project land for potential future use if market conditions change. The company, known for its rapid modular construction approach, has faced volatile performance and reputational challenges due to its preference for spot market sales over long-term contracts. Despite recent increases in share price, analysts note that the Delta project was not included in previous base case valuations. Venture Global remains the second-largest U.S. LNG exporter.