Venture Global LNG promises on-time cargoes at agreed rates

“To be clear, fluctuating market conditions have no impact on our previously communicated schedule,” a Venture Global spokesperson said. “As we reaffirmed on our earnings call last week, nearly 70 per cent of the 2026 cargoes at Plaquemines are already contracted for and we reaffirm that Phase One remains on target to declare COD in Q4 2026.”

The US-Israeli war on Iran and Tehran's attacks on Gulf neighbours have disrupted oil and natural gas exports from the Middle East and forced production stoppages, including in Qatar, which stopped operations at its LNG facilities, affecting some of the world's largest plants and a source that supplies about 20 per cent of global LNG.

Benchmark gas prices have jumped, with Dutch Title Transfer Facility futures trading at a three-year high of around $21 per million British thermal units, and the Japan-Korea Marker near a two-year high around $16.