Shares of Venture Global, Inc. (VG) gained over 4% on Wednesday morning after the company received approval from the U.S. Department of Energy to export liquefied natural gas (LNG) to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana.
VG is currently trading at $11.35, up $0.46 or 4.22%, on the NYSE. The stock opened its trading at $11.51 after closing Tuesday at $10.89. The stock has traded between $8.62 and $24.00 in the past 52-week period.
Venture Global CEO Mike Sabel issued the following statement: "CP2 LNG is a vital project for the U.S. economy, balance of trade, and global energy security. We are grateful for the Trump Administration's return to regular order and regulatory certainty that will allow us to further expand U.S. LNG exports, which have consistently been found to be in the public interest across multiple Administrations. This will enable us to provide our allies around the world with American LNG in just a few years and for decades to come."
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.