Venture Global dips despite Plaquemines LNG expansion plans
Venture Global stock fell after filing to expand Plaquemines LNG capacity to 24.8 mtpa. The move, if approved, would push total output to 92 mtpa by 2030. Despite a recent 20-year deal with Petronas, retail sentiment turned neutral amid spending concerns. Deutsche Bank downgraded the stock to 'Hold' citing flat gas prices and aggressive expansion.