Core Insights - The US Federal Energy Regulatory Commission (FERC) has granted Venture Global an extension for the commissioning phase of its Plaquemines LNG plant in Louisiana, allowing the company to delay full commercial operations and sell LNG at potentially higher spot market prices [1][2] - Venture Global requested an extension until December 31, 2027, due to challenges faced during the Covid-19 pandemic, with plans to have phase-one facilities operational by Q4 2026 and phase two by mid-2027 [2][3] - The Plaquemines LNG plant is the second-largest in the US, contributing nearly 16% of the country's total LNG exports last month, and is expected to have an export capacity of at least 20 million tonnes per annum once fully operational [3] Company Developments - The FERC noted that long-term customers Chevron and Orlen provided input on the extension request but did not oppose it [2] - Earlier in the year, the federal regulator approved full commercial operations at Venture Global's Calcasieu Pass LNG facility and TransCameron pipeline in Louisiana [3] - In June, Venture Global withdrew its application to build the Delta LNG export facility to focus on the Plaquemines expansion project [4]