Arlington, Virginia-based LNG exporter Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering (IPO) in 2025. The company is seeking to raise up to $2.3 billion in one of the biggest energy IPOs in the New York Stock Exchange for more than a decade. ConocoPhillips’ (NYSE:COP) $4.4B offering in 1998 remains the biggest IPO in the energy sector to-date, with Kinder Morgan’s (NYSE:KMI) $3.3 billion flotation in 2011 coming second. If successful, Venture Global will be more than twice as valuable as Cheniere Energy (NYSE:LNG), the largest public LNG company currently with a market cap of $50.5B.

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“Reaching first LNG at Plaquemines at this pace will enable the United States to remain the top exporter of LNG in the world. Between current and planned facilities, Venture Global is prepared to invest $50 billion in energy projects based in the United States which will create jobs, support local economies, strengthen the balance of trade and unleash much needed US LNG supply to our allies,” remarked Venture Global CEO and Co-Founder, Mike Sabel. 

The U.S. is rapidly developing LNG plants to meet Europe’s surging demand for the commodity. Two weeks ago, Cheniere Energy for the first time started producing liquefied natural gas (LNG)  from the first train (Train 1) of its Corpus Christi Stage 3 Liquefaction Project.

As of Nov. 30, the overall project completion for the project was close to 76%; however, the company expects substantial completion achieved at the end of the first quarter of 2025.

The project consists of seven midscale trains, projected to produce over 10 million tonnes per annum (mtpa) of LNG. 

By Alex Kimani for Oilprice.com

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