Venture Global plans to become the world’s largest gas exporter in a year—and now aims to build power for hyperscaler data centers
By the end of next year, Venture Global (VG) aims to become the world’s top LNG exporter by volume—ahead of rival Cheniere Energy and even above QatarEnergy.
Key points
- Different approach Venture Global built out its business at an unprecedented pace by designing smaller facilities that are easier to replicate at scale, and by signing on customers at cheaper, long-term contracts than its rivals.
- We’re off the water utility, and we’re off the grid, so we don’t impact consumers at all.” Venture Global, which made its debut this year at No.
- Liquefied natural gas exporter Venture Global shipped its first cargoes four years ago.
And, now, VG plans to turn excess land and gas-fired power at its campuses into major hyperscaler data center hubs with 5 gigawatts of power available by 2031—enough to power nearly 4 million homes—and doubling to 10 gigawatts of capacity by 2034, Sabel said.
Additional details
- As VG completes additional phases of growth at each of its campuses, the company plans to exceed 100 million metric tons of LNG export capacity per year by 2030.
- “We can just expand what we already have, and we can build data center infrastructure and provide exactly what the market needs, which is total island mode.
- By building more quickly and bringing on each facility one at a time—each gas liquefaction train—VG has brought in higher profits on spot markets before the entire facility is completed and the new contracts kick in.
- “We believe we have built the largest electric industrial grid in the world, and it’s on an island,” Sabel told Fortune.
- At the same time, VG contends it has done more to help supply Europe and Asia with gas during the war than other companies by bringing Plaquemines LNG on early.
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