logo
Venture Global CEO on $15B financing: 'Very early days' of global gas exports

Venture Global CEO on $15B financing: 'Very early days' of global gas exports

CNBC7 days ago
Michael Sabel, Venture Global co-founder and CEO, joins 'Power Lunch' to discuss the current state of the U.S. energy market.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Venture Global (VG) Gains Following Progress on New LNG Project
Venture Global (VG) Gains Following Progress on New LNG Project

Yahoo

time2 days ago

  • Yahoo

Venture Global (VG) Gains Following Progress on New LNG Project

Venture Global, Inc. (NYSE:VG) surged by 4.07% between July 23 and July 30, 2025, putting it among the Energy Stocks that Gained the Most This Week. A closeup of the Rio Grande LNG terminal facility, showing its massive scale. Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States. Venture Global, Inc. (NYSE:VG) shot up this week following reports that the company has decided to go ahead with the construction of its CP2 export facility in Louisiana after it closed $15.1 billion in financing for the first phase of the project. According to VG, the facility has secured over $34bn in commitments, making it the largest standalone project financing to date. With a peak capacity of 28 million metric tons per annum, CP2 is expected to boost Venture Global, Inc. (NYSE:VG)'s export capacity by more than 70% within two years, turning it into the largest exporter of American LNG. While we acknowledge the potential of VG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Crude Oil Stocks to Buy According to Hedge Funds and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store