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Venture Global Stock News
$12.62
4.61%
NYSE, Sep 25, 04:27 pm EDT.
Closed.
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China Gas Holdings will buy 0.5 million metric tons of U.S. liquefied natural gas (LNG) from βVenture Global for twenty years starting in 2030, the βtwo companies said on Monday.
U.S. LNG developer Venture Global has told customers of its Plaquemines Phase 2 export plant in Louisiana that it remains on track to begin delivering contracted cargoes on schedule at βpreviously agreed prices, according to a person with direct knowledge of βthe matter.
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NGL) exports. Companies also demonstrated the defensive nature of their fee-based cash flows.
The favorite energy stocks of hedge funds - including one with a projected 65% upside Europe is facing an energy crisis brought on by poor policy decisions, the phase-out of Russian natural gas and recent hot weather.
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