Venture Global CEO Mike Sabel Says Expects To Produce CP2 At 150% Of Name Plate Capacity Starting Next Year; Wants To Sell More LNG On 5-Year Contracts From Its Commissioning Cargoes; Venture Global Could Add 40N Metric Tons Per Annum Of LNG From Proposed Expansions To Plaquemines And CP2 Plants

Venture Global CEO Mike Sabel announced that the company expects to produce LNG at its CP2 facility at 150% of its nameplate capacity starting next year. The company aims to increase sales of LNG through 5-year contracts from its commissioning cargoes. Additionally, Venture Global is considering adding 40 million metric tons per annum of LNG from proposed expansions to its Plaquemines and CP2 plants.