Venture Global Starts Commercial Operations at First Phase of Plaquemines LNG
Venture Global began commercial operations at the first phase of Plaquemines LNG on October 31. Shell lifted the first cargo after the commercial operations date.
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what happened
On October 31, 2026, Venture Global started commercial operations at the first phase of its second LNG export project, Plaquemines LNG, and began selling low-cost U.S. gas to that phase's long-term customers. TradingView reported this, citing the company's press release. According to the release, the commercial operations date (COD) came just over 53 months after the final investment decision, which makes the project one of the fastest new-build LNG plants completed.
Shell lifted the first cargo after COD. CEO Mike Sabel said the project was completed safely and on schedule. The company expects these volumes to help stabilize a global LNG market that has been volatile for an extended period.
why it matters
New U.S. LNG export capacity adds supply to the global market and supports Venture Global's revenue through long-term contracts. For gas traders, higher shipments could ease price spikes in Europe and Asia, though the final effect depends on demand and contract terms.
market impact
Gas and LNG: new U.S. supply adds to availability, putting pressure on LNG prices
- Global LNG prices pressure down — new volumes from the U.S. expand supply in the market
tags
instruments
sources
- Venture Global (VG) Starts Commercial Ops at Plaquemines LNG Phase 1 — TradingView, 1 November 2026 at 15:40 UTC
- Venture Global Commences Commercial Operations of Phase One of Plaquemines LNG — TradingView, 1 November 2026 at 15:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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