# Venture Global Begins Supplying Plaquemines Customers Under Long-Term LNG Contracts

> Venture Global's Plaquemines LNG plant in Louisiana completed Phase 1 commissioning and began commercial operations, with Shell receiving the first cargo under a long-term contract. Phase 1 customers including Shell, Orlen, Sinopec, CNOOC and EDF are expected to receive LNG under long-term deals priced well below current spot levels near 46-month highs.

- Date: 2026-11-01 · published 2026-11-02T12:08:00.610Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/75343-venture-global-begins-supplying-plaquemines-customers-under-long-term-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

New US export capacity adds supply to global LNG markets, which over time eases the spot premium that has supported gas prices. The effect is gradual because the cargoes are only starting to flow and the sales are contracted rather than spot.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-06-01 | [LNG sellers, Asian buyers spar as contract fight brews amid supply glut](https://feedsoft.ai/events/70686-lng-sellers-asian-buyers-spar-as-contract-fight-brews-amid-supply-glut.md) | -0.7% | -0.4% |
| NATGAS | 2020-05-13 | [Factbox: US gas markets see minimal upside from rising global LNG prices \| S&P Global](https://feedsoft.ai/events/10445-factbox-us-gas-markets-see-minimal-upside-from-rising-global-lng-prices-s-and-p.md) | +10.6% | +5.1% |
| NATGAS | 2020-03-10 | [US LNG developers try to ride out market turmoil with China's door shut \| S&P Global](https://feedsoft.ai/events/54313-us-lng-developers-try-to-ride-out-market-turmoil-with-china-s-door-shut-s-and-p.md) | +5.3% | -4.2% |
| NATGAS | 2020-06-22 | [Buyers of US LNG to cancel 40-45 cargoes for August loading - Markets - Business Recorder](https://feedsoft.ai/events/52799-buyers-of-us-lng-to-cancel-40-45-cargoes-for-august-loading-markets-business.md) | -7.6% | +6.2% |
| NATGAS | 2017-07-05 | [Qatari LNG development to extend LNG surplus into mid-2020s \| S&P Global](https://feedsoft.ai/events/70141-qatari-lng-development-to-extend-lng-surplus-into-mid-2020s-s-and-p-global.md) | +1.6% | -5.3% |

## Sources

- gcaptain.com: https://gcaptain.com/venture-global-begins-supplying-plaquemines-customers-under-long-term-lng-contracts/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.