OrganisationUS

Venture Global

US LNG exporter operating Calcasieu Pass and Plaquemines; second-largest US supplier to EU in 2026.

Last refreshed: 22 May 2026

Key Question

Can Venture Global be a reliable EU supplier after diverting cargoes to Asia in 2022?

Timeline for Venture Global

#1115 May

Mentioned in: Golden Pass routes Qatari LNG via Texas

European Energy Markets

#523 Apr

ACER: US LNG now 30% of EU gas imports

European Energy Markets

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Common Questions

What is Venture Global LNG and where is it based?

Venture Global LNG is a US LNG exporter headquartered in Arlington, Virginia. It operates Calcasieu Pass and Plaquemines LNG facilities in Louisiana, making it currently the second-largest US LNG exporter to the European Union.

How much US LNG does Europe import from Venture Global?

Venture Global is a major contributor to the 45% year-on-year rise in US LNG deliveries to the EU that brought the US share to 30% of EU gas imports as of April 2026, according to ACER.Source: ACER

Did Venture Global divert EU-contracted LNG cargoes to Asia?

Yes. During the 2022-23 global LNG price spike Venture Global diverted spot cargoes to Asia rather than delivering to European long-term contract holders, triggering significant commercial and legal disputes with European buyers.

Background

Venture Global LNG is a US Liquefied Natural Gas developer and exporter headquartered in Arlington, Virginia, founded in 2014. It operates Calcasieu Pass in Louisiana (first LNG cargo 2022) and the larger Plaquemines facility. Together they make Venture Global currently the second-largest US LNG exporter by volume. The company went public on the NYSE in January 2025.

Venture Global captures part of the 45% year-on-year rise in US LNG deliveries to the EU recorded by ACER for the period leading into April 2026, as the bloc diversifies away from Russian pipeline gas and Russian LNG spot contracts banned from 25 April 2026. US LNG now accounts for 30% of EU gas imports by volume. Its commercial reliability remains under scrutiny after 2022-23 cargo diversions to Asia triggered litigation with European buyers including Shell and Repsol.

More questions

What is Venture Global and where does it export LNG?

Venture Global is a US LNG developer operating Calcasieu Pass and Plaquemines facilities in Louisiana. It exports LNG primarily to European and Asian buyers and is currently the second-largest US LNG supplier to the EU.Source: ACER Gas Wholesale Markets Report, April 2026

Why did Venture Global divert cargoes away from European buyers in 2022?

During the 2022-23 global gas price spike, Venture Global rerouted spot cargoes to higher-priced Asian markets instead of delivering to contracted European buyers, triggering litigation from Shell, Repsol, and Edison.Source: Venture Global litigation reports 2022-23

How much of EU gas imports come from US LNG suppliers like Venture Global?

US LNG now accounts for 30% of EU gas imports and two-thirds of EU LNG imports, a 45% year-on-year rise as of April 2026, according to ACER. Venture Global and Cheniere are the two largest US contributors.Source: ACER Gas Wholesale Markets Winter 2025-2026, April 2026

When did Venture Global go public on the stock market?

Venture Global listed on the New York Stock Exchange in January 2025.Source: NYSE listing announcement

How the World Sees Them

Asia

Asian buyers watch Venture Global's European contract pricing as a benchmark; the 2022-23 cargo diversions showed the company's willingness to arbitrage spot differentials at European buyers' expense.

Russia

Venture Global's European market share directly displaces Russian pipeline gas and LNG; its growth is an index of how successfully the EU has diversified since 2022.

United States

The company is now a flagship of US energy diplomacy toward Europe, expanded under post-Biden export promotion policy; Gulf Coast employment and bipartisan political support are aligned with its growth.

European Union

Venture Global's two Louisiana facilities are part of the structural US LNG supply reorientation covering 30% of EU gas imports; reliability concerns from 2022-23 cargo diversions have not reversed long-term procurement.