July 09, 2026 [Oil Price]- 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 are active on both the spot market and the long-term contract market.

Over the second quarter of the year, Venture Global’s Calcasieu Pass LNG plant exported 37 liquefied gas cargoes, Reuters also reported, while the company’s Plaquemines plant saw exports of 90 cargoes. These figures compare to 38 cargoes for Calcasieu Pass in the first quarter of the year and 92 cargoes for Plaquemines.

Calcasieu Pass, Venture Global’s first LNG export facility, began production in 2022 and has been central to the company’s rapid rise as a major U.S. exporter. The company now boasts more than 100 million tonnes per annum of LNG capacity across projects in operation, construction, or development. Plaquemines LNG began operation late last year, unofficially, while still under construction. The official launch was scheduled for 2027.

Venture Global became the target of lawsuits from Big Oil majors, which had long-term contracts with the company but did not see any volumes supplied under these contracts because Venture Global sold all its LNG on the spot market, taking advantage of the 2022 energy crisis caused by the supply crunch following Russia’s invasion of Ukraine and the West’s sanction response. The company used a legal loophole allowing it to sell LNG on the spot market while its facilities were still officially under construction, even though production was ongoing.