Venture Global

What Venture Global does

Venture Global, Inc. (NYSE: VG) is a U.S.-based, vertically integrated liquefied natural gas (LNG) producer and exporter founded in 2013 and headquartered in Arlington, Virginia. The company develops, constructs, and operates large-scale LNG export facilities along the Louisiana Gulf Coast, with active facilities including Calcasieu Pass (peak capacity >12 MTPA, in commercial operations since April 2025), Plaquemines LNG (peak capacity >28 MTPA, first LNG produced December 2024), and CP2 LNG under construction (peak capacity >29 MTPA, with $20.7 billion in total project financing closed across Phase 1 and Phase 2 in July 2025 and March 2026). A fourth project, CP3 LNG, is in development with at least 30 MTPA expected. Each facility is paired with proprietary feeder pipelines (TransCameron, Gator Express, and the planned 85.4-mile CP Express), creating a vertically integrated LNG value chain from pipeline receipt through marine loading.

Venture Global monetizes primarily through long-term (typically 20-year) sale and purchase agreements (SPAs) with creditworthy international utilities, integrated energy majors, and trading houses. Named counterparties include ExxonMobil, JERA, SEFE, EnBW, Edison, Naturgy, China Gas, CNOOC, Sinopec, Tokyo Gas, Mitsui, Inpex, Hanwha, PETRONAS, PTT, Grain LNG, Atlantic-SEE LNG Trade, DTEK, and an Albania framework agreement worth $6 billion. The company sells into both European and Asian markets, supported by a Singapore-based marketing subsidiary. In Q1 2026, Venture Global reported revenue of $4.6 billion (up 59% YoY), net income of $488 million, 130 LNG cargoes exported, and 481 TBtu sold, with 2026 EBITDA guidance of $8.2-8.5 billion.

The business is capital-intensive and debt-funded. Since 2021, Venture Global has raised more than $30 billion through senior secured notes and credit facilities at the project subsidiary level, completed an IPO on the NYSE in January 2025, and issued $3 billion of perpetual preferred stock in October 2024. The company is also pursuing carbon capture and sequestration (CCS) at its project sites. Leadership remains founder-led: Co-founder Michael Sabel serves as CEO and Executive Co-Chairman, and Co-founder Robert Pender serves as Executive Co-Chairman.

Name

Venture Global

Legal name

Venture Global, Inc.

Website

https://ventureglobal.com

Company type

Public

Founded year

2013

Operating status

Ipo

Headcount range

1,001–5,000 employees

Short description

Venture Global is a vertically integrated U.S. LNG producer and exporter operating multiple large-scale Louisiana liquefaction facilities under long-term sale and purchase agreements with utilities and energy majors across Europe and Asia.

Ownership category

akta.pro rank

Product category

LNG Export and Production

NAICS

Pipeline Transportation of Natural Gas (4862)

SIC

Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

LNG Liquefaction (Export Terminals) (EUAAACAE)

akta.pro secondary industries

LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI), LNG Operations, Maintenance & Reliability (O&M, Integrity, Turnarounds) (EUALAFAJ), LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Contracting & Commercial (SPAs, Tolling, Offtake, Pricing) (EUALAFAF), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)

Keywords

• Liquefied natural gas
• LNG export
• Natural gas liquefaction
• LNG production facilities
• Carbon capture sequestration

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Core offering

Venture Global is a vertically integrated U.S. LNG producer and exporter that develops, constructs, and operates large-scale liquefied natural gas export facilities along the Louisiana Gulf Coast. It produces and sells LNG under long-term Sales and Purchase Agreements (SPAs) to international utilities, energy companies, and trading houses across Europe, Asia, and other global markets. Its facilities include Calcasieu Pass (peak capacity >12 MTPA, in commercial operation), Plaquemines LNG (>28 MTPA, commissioning), CP2 LNG (>29 MTPA peak, Phase 1 and 2 under construction), and CP3 LNG (in development). The company also plans Carbon Capture and Sequestration (CCS) projects at or near its LNG sites.

Differentiator

Problem solved

Functional benefit

Brands

• Calcasieu Pass: First LNG export facility, located in Cameron Parish, Louisiana; in commercial operations with peak export capacity greater than 12 MTPA.
• Plaquemines
• CP2 LNG
• CP3 LNG
• TransCameron Pipeline
• Gator Express
• CP Express

Products and services

• Calcasieu Pass LNG LNG export facility in Cameron Parish, Louisiana, with peak capacity greater than 12 MTPA, in commercial operation since April 2025; exports LNG under long-term SPAs to international utilities and energy companies.
• Plaquemines LNG Second greenfield LNG export facility in Plaquemines Parish, Louisiana, under construction, commissioning, and exporting; expected peak export capacity greater than 28 MTPA.
• CP2 LNG Third LNG export facility under construction in Cameron Parish, Louisiana, with expected peak export capacity greater than 29 MTPA; designed to produce LNG for export to international customers starting in 2027.
• CP3 LNG Fourth LNG export project in development stage in Cameron Parish, Louisiana, with expected export capacity of at least 30 MTPA.
• TransCameron Pipeline Approximately 24 miles of 42-inch diameter pipeline connecting Calcasieu Pass LNG to upstream natural gas supply.
• Gator Express Pipeline Two-segment natural gas pipeline serving Plaquemines LNG, with interconnections to TGP and Texas Eastern Transmission.
• CP Express Pipeline New 48-inch pipeline approximately 85.4 miles in length connecting the CP2 LNG terminal to existing natural gas pipeline grid in East Texas and Southwest Louisiana.
• Carbon Capture and Sequestration (CCS) Carbon Capture and Sequestration facilities planned at or near LNG project sites, designed to compress CO2 and inject it into subsurface saline aquifers; supported by State of Louisiana Mineral Board operating agreements for pore spaces in Plaquemines Parish and Cameron Parish.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves14 records

Expansion highlights6 records

Direct peers

• Cheniere Energy: The largest U.S. LNG exporter, operating Sabine Pass and Corpus Christi LNG. Directly comparable business model: U.S.-based greenfield LNG liquefaction with long-term SPAs to global buyers; the benchmark public peer for Venture Global.
• NextDecade: Developer of Rio Grande LNG in Brownsville, Texas. Same U.S. greenfield LNG export model, currently constructing its first trains with long-dated SPAs; comparable project-financed, multi-phase buildout to Venture Global's CP2/CP3.
• Sempra Infrastructure: Sempra's infrastructure arm develops Cameron LNG (in operation) and Port Arthur LNG (FID'd). Comparable integrated LNG export + pipeline operator targeting similar offtake markets in Asia and Europe.
• Freeport LNG: Operator of the Freeport LNG export facility on the Texas Gulf Coast. A direct U.S. LNG liquefaction and export peer with similar customer base and project structure.
• Tellurian: Developer of Driftwood LNG in Louisiana. Direct U.S. LNG export peer; though it has faced development headwinds, it competes in the same siting, permitting, and SPA market as Venture Global.
• Energy Transfer: Diversified midstream company developing Lake Charles LNG in Louisiana and operating extensive Gulf Coast natural gas pipelines. Overlaps with Venture Global in LNG export development, pipeline operations, and Gulf Coast infrastructure.
• Excelerate Energy: Provider of floating LNG regasification and emerging U.S. LNG export developer. Directly comparable LNG infrastructure operator serving global buyers with overlapping commercial customer base.

Broad incumbents

• Shell plc: Global supermajor and one of the world's largest LNG portfolio operators. Counterparty to Venture Global via SPAs and the August 2025 arbitration; broad LNG incumbent investing across liquefaction, shipping, and trading.
• Equinor ASA: Norwegian energy major and one of Europe's largest LNG suppliers with global portfolio of LNG offtake and equity liquefaction. Broad incumbent peer competing for global LNG demand alongside Venture Global.
• Woodside Energy: Australian LNG producer (North West Shelf, Pluto, Browse) recently expanded via the BHP Petroleum merger. Broad LNG incumbent whose global portfolio competes with U.S. Gulf Coast LNG like Venture Global's for Asian and European buyers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/venture_global
• YouTubeyoutube.com/@VentureGlobalLNG
• Facebookfacebook.com/VentureGlobalLNG
• LinkedInlinkedin.com/company/venture-global-lng-inc.
• Instagraminstagram.com/venturegloballng

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries15 records

Funding overview

Funding rounds21 records

Investors32 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Venture Global