Venture Global shares surge 6.57% after-hours as company receives first technology line for CP2 LNG plant, signaling project progress.

Venture Global (NYSE:VG) surged 6.57% in after-hours trading following news of progress on its Calcasieu Pass 2 (CP2 LNG) project, which received its first technological line for liquefied natural gas production. The development marks a key milestone in the $28 billion project, slated to begin operations in 2027, and signals advancing construction efforts despite ongoing legal disputes with Shell. RBC Capital maintained an "Outperform" rating for VG despite lowering its price target to $11 from $13, citing long-term growth potential amid market volatility. While legal uncertainties and a weaker price target typically weigh on sentiment, the project’s tangible.