Verde Clean Fuels shares jump 15.67% after-hours as Permian Basin project suspended due to rising natural gas demand, allowing focus on stranded gas opportunities.

Verde Clean Fuels surged 15.67% in after-hours trading following the announcement that it suspended development of its Permian Basin project due to rising natural gas demand in the region. The company cited the strategic decision to redirect resources toward opportunities in areas with stranded or flared natural gas, where its STG+® technology can create higher-value gasoline. Despite the project suspension typically signaling operational setbacks, the move was framed as a proactive adjustment to capitalize on more favorable market conditions elsewhere. This realignment, coupled with continued support from Diamondback Energy—a major shareholder—appe.