A disastrous flotation, business disputes with major clients and disappointing inaugural results have burnt investors and raised doubts about Venture Global’s ability to deliver.
Senior Trump administration officials attended an event on Thursday celebrating the $US18 billion ($28.6 billion) expansion of an LNG export terminal by Venture Global, the upstart producer lauded as a harbinger of renewed US energy dominance.
But just as Energy Secretary Chris Wright praised chief executive Mike Sabel as a “great, bold founding CEO” in his speech at the Plaquemines terminal on Louisiana’s gulf coast, investors were dumping Venture Global stock.
