Venture Global launches new LNG plant ahead of IPO

Quick Summary:

A third project, CP2, is awaiting a Department of Energy export license, a process that has been held up by a permit freeze enacted by Joe Biden’s administration.

The Plaquemines facility is a major milestone for a company that has grown rapidly over the decade, riding a wave of global demand for US gas.

JPMorgan analysts have estimated Venture Global’s enterprise value at $100bn, including a large amount of debt raised to build its terminals.

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Article Details

Author / Journalist: Jamie Smyth

Category: MarketsFinanceInvesting

Markets: United StatesGermanyUkraine

Topics: Global Financial Facility Plaquemines Terminal Export Company Largest Year Energy Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 10:00:32 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23917019

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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News Last Updated: 10 hours ago

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