🇺🇸 Venture Global’s profit is surging...now it wants to power AI too. 3rd quarter: 🔹 Revenue: $ 4.8bn, up 43% 🔹 Adjusted EBITDA: $ 2.6bn, up 69% 🔹 Cargoes exported: 124, up 24% 🔹 2026 EBITDA guidance raised to $10.0–10.3bn, from $8.7–9.1bn The war made US LNG the world’s safest gas and Venture Global sells most of its cargoes at market prices. Plaquemines Phase 1 entered commercial operation on 31 October. CP2 is due to ship its 1st LNG in mid-2027. The new part is AI. 🔹 Framework deals with GE Vernova and Baker Hughes for up to 16 gas power islands of 720MW each, about 11.5GW 🔹 Target: deliver computing capacity from late 2028, scaling to about 5GW by the end of 2031 Last week Anthropic bought 1.7GW of gas generators. This week an LNG exporter wants to build 5GW of data centres. US gas is becoming the power supply for AI.
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