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Venture Global LNG to buy fleet of LNG vessels
Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas(LNG) transport vessels, expanding its ability to sell and ship its own cargoes.
Venture Global has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana. The vessels it used were owned by other companies and leased.
The nine vessels in Venture Global’s future fleet will be built in South Korea with the first to be delivered later this year, the Arlington, Virginia-based company said.
The company has shipped more than 250 cargoes under its own account from the first plant, called Calcasieu Pass, sparking complaints from big-name energy companies holding long-term contracts that the sales should have been made available to them.
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