U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher

🇺🇸 Oilprice.com (US) —
U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher

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U.S. LNG exporter Venture Global has seen a 69% increase in liquefaction fees due to turmoil in the Middle East impacting LNG flows. Despite a slight decrease in total sales volume, the company has generated significant revenue amid increased spot market activity.

Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu in the first quarter amid the war-related LNG flows disruption in the Middle East. In a regulatory filing cited by Reuters, the U.S. LNG major said it had generated revenue from sales totalling 466.4 trillion thermal units in the second quarter, down from 480.8 TBtu in the first quarter. Venture Global is a big player on the spot market, while other large U.S. LNG exporters…

World Markets Commodities Energy Venture Global LNG export liquefaction fees Middle East turmoil energy market spot market US LNG commodity prices

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