Business
U.S. LNG Exporter Venture Global Stock Surges
Natural gas prices are rocketing. So are shares in a U.S. exporter that could emerge as a beneficiary of Middle East supply disruption. Venture Global, a liquefied natural-gas exporter, was up 17% in premarket trading.
European natural-gas prices rose nearly 50% on Monday. QatarEnergy, the world’s largest LNG producer, said it would halt output following an attack on its operations.
Venture Global, which exports LNG from the U.S. and sells on the spot market, should be best positioned to capitalize from the higher prices, analysts at Mizuho wrote.
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