Venture Global’s New Plant Set for First LNG Production

U.S. LNG developer and producer Venture Global is set to produce the first liquefied natural gas from its newest project, Plaquemines LNG, as soon as this week, but the commissioning phase will last up to two years during which Venture Global will keep all revenues. The first production at Plaquemines LNG, possibly this week, would be the first new LNG output from a U.S. facility in two years, according to data from LSEG cited by Reuters. While the plant will soon begin producing LNG, its buyers under long-term contracts – including ExxonMobil,…