U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher

Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu in the first quarter amid the war-related LNG flows disruption in the Middle East. In a regulatory filing cited by Reuters, the U.S. LNG major said it had generated revenue from sales totalling 466.4 trillion thermal units in the second quarter, down from 480.8 TBtu in the first quarter. Venture Global is a big player on the spot market, while other large U.S. LNG exporters…