Venture Global Wants to Redo Some LNG Contracts at Higher Rate

Venture Global Inc., the US natural gas exporter whose initial public offering flopped last month, wants to renegotiate higher prices for long-term contracts it signed with at least two customers of its planned CP2 terminal in Louisiana, according to people familiar with the matter.

The price increases for the multi-year contracts have not yet been accepted, said the people, who declined to be identified because the negotiations were private.

Venture Global didn’t immediately provide comment. It hasn’t made a final investment decision on CP2, which was stalled by the Biden administration’s halt on new liquefied natural gas export permits. ...