Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion. The revision by the second-largest exporter of liquefied natural gas in the United States follows days of marketing to potential investors,

The company plans to increase its share offering from 50 million to up to 62 million in its potential New York flotation.

France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.

TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029. View on euronews

"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand.

Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96% was LNG, data from electricity and gas grids operator REN shows. Nigeria accounted for 51% of those LNG deliveries,

Portugal has listed Nigeria alongside the United States as one of the countries it aims to get its supply of liquified natural gas (LNG) from. ・Portugal aims to get LNG supply from Nigeria and the United States due to shortage from the Russian market.