Published by Global Banking & Finance Review®
Posted on October 18, 2025
2 min readLast updated: January 21, 2026
Venture Global is in talks to supply more LNG to Ukraine as winter approaches, addressing energy needs amid Russian attacks on infrastructure.
By Curtis Williams and Dmitry Zhdannikov
HOUSTON (Reuters) -Venture Global has held talks with Ukraine to sell it additional cargoes of liquefied natural gas from its Plaquemines LNG plant in Louisiana as the winter approaches amid Russian attacks on its infrastructure, three people told Reuters.
The talks for LNG from Plaquemines are taking place with Ukraine's DTEK, a major player in Ukraine's energy sector, according to two of the people. Ukraine's energy infrastructure has been degraded due to constant Russian attacks, and the country has had to boost gas imports as its own production falters.
Venture Global CEO Michael Sabel was part of a delegation of U.S. energy leaders who met in Washington, D.C., on Thursday with President Volodymyr Zelenskiy. The Ukrainian leader posted images of the meeting on X and said the country needed more power.
Venture Global declined to comment on the talks and DTEK did not immediately respond to a request for comment.
DTEK already has an agreement signed in 2024 to an undisclosed amount of LNG from the facility, in addition to two million metric tons per annum from CP2, Venture Global's third export hub that is currently under construction.
Venture Global is the only U.S. LNG operator with significant spare capacity, as its 27.7 million metric tons per annum Plaquemines LNG plant is still in the commissioning phase that allows for spot market sales.
The practice has drawn increased attention after an arbitration tribunal found last week that Venture Global breached an agreement with BP to declare timely commercial operations at its separate Calcasieu Pass plant in Louisiana and prioritize spot sales instead.
Venture Global has said that the planned timeframe for full commercial operations at Plaquemines - which will result in the activation of longer-term contracts at cheaper prices - remains on track. Last month, the company exported 1.6 million tonnes of LNG from Plaquemines, or 17% of total U.S. LNG exports in September, according to preliminary data from financial firm LSEG.
(Reporting by Curtis Williams in Houston and Dmitry Zhdannikov in London; editing by Nathan Crooks and Nick Zieminski)
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, making it easier to store and transport. It is primarily composed of methane and is used for heating, electricity generation, and as a fuel for vehicles.
Energy infrastructure refers to the physical systems and facilities necessary for the production, transmission, and distribution of energy. This includes power plants, pipelines, and electrical grids that support energy supply and consumption.
Spot market sales refer to transactions where commodities, such as natural gas or oil, are bought and sold for immediate delivery and payment. Prices in spot markets can fluctuate based on current supply and demand.
A liquefaction plant is a facility that converts natural gas into liquefied natural gas (LNG) by cooling it to very low temperatures. This process reduces the gas's volume, making it easier to transport over long distances.
An arbitration tribunal is a panel of one or more arbitrators who resolve disputes outside of the courts. It is often used in commercial disputes to provide a binding resolution based on the evidence and arguments presented by the parties.
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