Venture Global, a company that makes and sells natural gas (LNG), had some big news! Their new plant in Louisiana is going to cost much more than expected. This is because of rising prices (inflation) and other problems.
- The plant's cost jumped by about $2 billion!
- They now expect to spend between $23.3 billion and $23.8 billion.
- The company also had lower sales in the last quarter, but made a big profit.
- They plan to build another big LNG plant soon.
- There are some disagreements with customers about delivering the gas.
| Item | Value |
|---|---|
| Original cost estimate | $21-$22 billion |
| New cost estimate | $23.3-$23.8 billion |
| Cost increase | ~$2 billion |
| Q4 Revenue | $1.52 billion |
| Q4 Profit | $871 million |
