Venture Global Inc. overhyped its business prospects in initial public offering documents, only to have its stock stumble on a major contract loss amid legal challenges from large clients, a proposed class action said.

US producer Venture Global LNG has told its frustrated long-term customers that it is starting commercial operations at its Calcasieu Pass facility in Louisiana on 15 April 2025, three years after it first exported a cargo.

Many of the banks that helped Venture Global Inc. go public now see the liquefied natural gas exporter’s stock price languishing even more from its already scaled back launch.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe Arlington,

US liquefied natural gas producer Venture Global Inc. will start long-term supply contracts from its Calcasieu Pass export facility in Louisiana in mid-April, the latest development in the seller’s dispute with customers including Shell Plc and BP Plc.

U.S. regulators have approved Venture Global LNGs request to increase the export capacity of its Plaquemines, Louisiana, LNG plant from 24 million metric tons to 27.2 million metric tons per year. The 13%

Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, the company said on Monday, some three years after it shipped its first LNG cargo in a move that led to a protracted dispute with customers.

Venture Global stock (VG) garnered retail attention on Tuesday after the company said it would begin commercial operations at its Calcasieu Pass liquefied natural gas facility on April 15. The LNG project in Cameron Parish,