Venture Global pulls application to build Delta LNG plant

June 10, 2025 07:01 PM PDT | By EODHD

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Venture Global pulls application to build Delta LNG plant — Image source: Kalkine Media

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[Digitally Generated Image of LNG Tanker Navigating Coastal Waters Representing Maritime Energy Transport] alvarez/E+ via Getty Images Venture Global (NYSE:VG [https://seekingalpha.com/symbol/VG]) asked to withdraw its application [https://www.reuters.com/business/energy/venture-global-withdraws-application-build-delta-lng-plant-filing-shows-2025-06-10/] to build its proposed Delta LNG export facility in Louisiana, saying it can build its proposed Plaquemines LNG expansion project faster, Reuters reported Tuesday, citing a filing with the Federal Energy Regulatory Commission. Pursuing the proposed 24M metric tons/year Delta LNG project would not be the best use of its corporate resources, Venture Global (NYSE:VG [https://seekingalpha.com/symbol/VG]) said, deciding instead to focus on the Plaquemines LNG project which FERC accepted in its pre-filing review process on April 4. "Venture Global LNG expects that, upon completion, the Plaquemines Expansion Project will produce approximately the same quantities of LNG as the proposed Delta LNG Project, but on a faster schedule," the company reportedly said in the filing. Venture Global (VG [https://seekingalpha.com/symbol/VG]) said it plans to keep the land it had set aside for Delta LNG, should the market support the revival of the project. MORE ON VENTURE GLOBAL * Venture Global: Rapidly Closing The Valuation Gap With Cheniere [https://seekingalpha.com/article/4792884-venture-global-rapidly-closing-the-valuation-gap-with-cheniere] * Venture Global: Bad Stock Performance No Indicator Of Good Operational Outlook [https://seekingalpha.com/article/4786499-venture-global-bad-stock-performance-no-indicator-of-good-operational-outlook] * Venture Global Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4786267-venture-global-inc-vg-q1-2025-earnings-call-transcript]

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