Venture Global, a major US LNG developer, has filed for an initial public offering (IPO) aiming to raise $3 billion to $4 billion, potentially becoming one of the largest energy listings in US history. The company plans to build and operate five LNG terminals on the US Gulf Coast, anticipating a surge in exports under President-elect Donald Trump's energy dominance policy. Venture Global has secured substantial funding for its projects and expects lucrative long-term contracts. However, the company faces controversy over alleged contract breaches with major customers like Shell and BP.
Venture Global , one of the biggest US liquefied natural gas developers, has filed for an initial public offering, as it looks to tap into investor excitement over a potential boom in exports under president-elect Donald Trump. The company, which has plans to build and operate five LNG terminals on the US Gulf Coast, submitted IPO paperwork to the US Securities Exchange Commission on Friday. The expected size of the New York Stock Exchange listing was not disclosed.
It is embroiled in a dispute with Shell, BP and several other key customers, which allege it reneged on billions of dollars of long-term contracts when LNG prices spiked following Russia’s full-scale invasion of Ukraine. These clients are pursuing arbitration claims worth at least $5bn against the company, which the IPO documents warn could result in “substantial” payments and certain long-term contracts being terminated and could lead to a rise in debt levels.
IPO Venture Global LNG Energy Exports
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