Venture Global Reportedly Begins LNG Production at Plaquemines Phase 2, Expanding Export Capacity

Venture Global is reportedly producing liquefied natural gas (LNG) from Phase 2 of its Plaquemines export facility in Louisiana, according to individuals familiar with the project. While the company has yet to release an official statement, the reports suggest that commissioning has advanced significantly—marking a major development in the U.S. LNG landscape.

The Plaquemines plant began production from its first phase in late 2024, with a nameplate capacity of 13.3 million tonnes per annum (MTPA). According to the sources, Phase 2 has now been brought online, effectively doubling capacity to 27 MTPA. This would position Venture Global to capitalize on spot market pricing at a time when global LNG demand remains high.

Though unconfirmed by the company, signs of progress have emerged. Feedgas levels at the plant have reached record highs, and natural gas has reportedly been introduced into key turbines—typically one of the last steps before full LNG production. These indicators suggest the facility is entering its final commissioning phase.

The early startup, if accurate, carries significant commercial implications. Venture Global could sell LNG cargoes on the spot market for up to two years before long-term contract obligations begin. This interim period provides a valuable opportunity to maximize revenues at market-driven prices, especially when spot rates remain higher than many fixed contract rates.

Venture Global has followed a phased approach to project development, enabling rapid production timelines across multiple sites. With the addition of Plaquemines Phase 2, the company’s total operating export capacity—combined with its Calcasieu Pass terminal—would reach approximately 38.5 MTPA. Future expansions, including the proposed CP2 and a third phase at Plaquemines, could increase that total to over 66 MTPA in the coming years.

Despite this growth, the company has faced friction with some LNG buyers who claim that contractual deliveries have been delayed in favor of spot cargoes. Venture Global has maintained that all long-term obligations will be honored once each facility completes its full commissioning process.

The reported startup of Phase 2, while not yet confirmed, reinforces the company’s rapid ascent in the LNG sector. If formally verified, this development would further cement Venture Global’s position as one of the most aggressive and fast-moving players in U.S. LNG, with strategic timing that could offer short-term pricing advantages and long-term export dominance.