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Business & Economics

LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion

Reuters
Summary
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80% Informative

Venture Global said it expects the project cost for its Plaquemines LNG plant in Louisiana to be around $2 billion higher than its previous forecast.

The LNG producer said it has not accounted for recent tariffs by President Donald Trump 's administration.

The company also reported a fourth-quarter profit of $871 million , compared to a loss of $50 million a year ago .

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