Venture Global shares rise 5.22% intraday after securing long-term LNG deals with Mitsui, Atlantic-See, and Naturgy.

Venture Global surged 5.22% intraday following the announcement of multiple long-term LNG sales agreements and expansion projects. The company secured a 20-year, 0.5 mtpa LNG supply deal with Greece’s Atlantic-See LNG and previously signed agreements with Japan’s Mitsui & Co. and Spain’s Naturgy, bolstering its contract pipeline. These partnerships, alongside the CP2 and Plaquemines expansion projects, highlight strategic growth in U.S. LNG production. While Wells Fargo cut its price target to $8 from $11, citing rising operating expenses, the firm maintained an Equal Weight rating, acknowledging the company’s expanding asset base and operational scale. The market appears to have focused on the new contracts and growth potential, outweighing concerns over cost estimates, as the stock climbed sharply during the session.