Plaquemines LNG plant in Louisiana moves to commercial operations, first cargo goes to Shell
Venture Global says its Plaquemines plant completed phase 1 commissioning, and Shell received the first cargo under a long-term LNG contract, according to Reuters.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Venture Global said the Plaquemines plant in Louisiana finished commissioning its first phase on Saturday, 22 months after producing its first liquefied natural gas. On Sunday the tanker Malaga Knutsen loaded the first commercial cargo for Shell and left port, Reuters reported, citing the company. Shell became the first buyer to receive LNG under a long-term contract from the facility.
Other phase 1 customers include Orlen, Sinopec, CNOOC Gas & Power and EDF, which are also expected to receive supplies under long-term deals. The company said pricing on these contracts will be significantly below recent highs of about $34 per mmBtu on the Dutch TTF benchmark and $32 on the Asian JKM benchmark.
why it matters
The start of Plaquemines adds US export volumes to the global LNG market, which until now were largely sold on the spot market. Long-term contracts priced below recent spikes reduce buyers' exposure to short-term price swings tied to the Middle East conflict.
market impact
LNG and European and Asian gas prices: new US export volumes add supply to the market
tags
instruments
sources
- Venture Global begins supplying Plaquemines phase 1 customers under long-term LNG contracts — Reuters, 1 November 2026 at 14:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗