Venture Global (VG) has started producing LNG from Phase 2 of its Plaquemines terminal, Reuters reports. The Louisiana facility is now regularly pulling over 2.6 Bcf/d from regional pipelines, shifting flows on several systems.
Plaquemines LNG receives gas through VG’s Gator Express lateral, which sources volumes from Tennessee Gas Pipeline (TGP), Texas Eastern (TETCO) and Columbia Gulf. Total deliveries reached 2.5 Bcf/d in May ‘25 and, after easing some in mid-June, feedgas has continued to climb in July. Deliveries this month have averaged 2.68 Bcf/d through July 18 and reached a new daily peak of 2.92 Bcf/d on July 13 (see figure).
Phase 2 includes 18 small-scale liquefaction trains at the Plaquemines site in southeastern Louisiana. Once completed, Plaquemines will be able to produce 27 mtpa (~3.6 Bcf/d) of LNG. The commercial contracts backing Phase 2 start in 2026, but Venture Global is running the trains early to sell LNG on the spot market.
The Phase 2 start tracks with East Daley Analytics’ current Macro Supply & Demand Report. In the latest forecast, we pencil in Phase 2 to begin in July and predict monthly feedgas to average 2.4 Bcf/d. We believe VG is stress-testing the new trains, accounting for the higher deliveries in July.
The company guided to a potential 92 cargoes in 4Q25, suggesting that Venture Global expects all the trains to be online by YE25. Plaquemines, along with Cheniere Energy’s (LNG) Corpus Christi Stage 3 expansion, is a key driver of LNG demand growth underpinning East Daley’s bullish gas outlook in 2H25.
The Plaquemines ramp has shifted flows on several pipelines since coming online in early 2025. For example, the Midcontinent Express Pipeline (MEP) started delivering gas to TGP to meet demand from the new facility, while volumes to the Transcontinental pipeline declined. Transco, previously the largest recipient of gas from MEP, has seen a steady drop, while deliveries to Southern Natural fluctuated during the same period. This shift reflects how MEP capacity is now being reallocated to support LNG demand.
See East Daley Analytics’ Macro Supply & Demand Report for more information about the LNG demand outlook. – Kritika Gaikwad and Oren Pilant Tickers: LNG, VG.
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