Venture Global Announces Major Brownfield Expansion of Plaquemines LNG

Today, Venture Global (NYSE:VG) announced plans for a brownfield expansion at its Plaquemines LNG facility south of New Orleans, Louisiana. Joining Venture Global for the announcement was Secretary of Energy Chris Wright, Secretary of the Interior Doug Burgum, Louisiana Governor Jeff Landry and other federal, state and local officials and stakeholders. The planned Plaquemines expansion will consist of 24 trains and would represent an approximately $18 billion additional investment in the State of Louisiana, bringing Venture Global's total investment in our current and planned US projects to over $75 billion.

Plaquemines LNG, approved during President Trump's first term, is the newest LNG export facility to come online in the United States and is expected to produce approximately 27 million tonnes per annum (MTPA). Today, Venture Global is announcing that it will expand that capacity by over 18 MTPA, bringing the expected total production capacity to over 45 MTPA at Plaquemines.

"Our planned expansion of Plaquemines will make it the largest LNG export facility built in North America, supplying LNG to our allies while making a substantial impact on the U.S. balance of trade," said Venture Global CEO Mike Sabel. "We believe this flexible incremental capacity will position us to respond rapidly to market growth signals. In a capital-intensive commodity industry, capital will always flow to the most competitive projects, and we believe that an expansion of Plaquemines is one of the most economically efficient opportunities available to quickly meet growing LNG demand. We are grateful for the Trump Administration's commitment to building out our nation's critical energy infrastructure. We believe this will be the best regulatory environment in decades."

With this expansion, Plaquemines LNG will continue to support hundreds of new, permanent Louisiana jobs and tens of thousands of indirect subcontractor, part-time and full-time jobs throughout Louisiana and over 30 other states across the country. At peak construction, Plaquemines supports thousands of direct construction jobs. Venture Global expects a Final Investment Decision on the expansion to follow first production at CP2.

About Venture Global

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company's second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

Forward-looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements include statements concerning the offering, Venture Global's plans, objectives, goals, strategies, future events or performance, capital expenditures, financing needs, ability to fund operations, timelines for development and construction of its projects and commencement of operation at its projects, intentions relating to acquisitions, competitive strengths and weaknesses, and business strategy; and other information that is not historical information. Words such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "forecast", "project", "target", "plan" or "aim" or terms of similar meaning are also generally intended to identify forward-looking statements. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.

Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Venture Global undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes, unless required by law.

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