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.