US Federal regulators have given Venture Global LNG permission to introduce natural gas into the seventh block of its Plaquemines plant in Louisiana.
The company is the second-largest US LNG exporter and has been quickly increasing production from its second LNG plant at Plaquemines.
Last Tuesday, the facility was on track to pull 1.1 bill cu ft of gas, down from a high of 1.3 bill on Wednesday of last week, and just short of its Calcasieu Pass plant's 1.5 bill cu ft per day nameplate capacity, according to data from financial firm LSEG.
Last week, Venture Global raised $1.75 bill in the first big initial public offering (IPO) of President Donald Trump's second term in office.
That pushed the company's valuation above rival Cheniere Energy.
At peak production, the Plaquemines facility could produce over 27 mill tonnes per annum, the company claimed. However, the facility will not be fully commissioned until 2027.
Venture Global's shares were at $19.26 in afternoon trading at the NYSE on Tuesday, down 23% from its IPO price.
