Jan. 13 at 9:46 PM
$VG the geopolitical natural gas sovereign hedge and hedge fund play on natural gas geopolitical risk.
China, India, Taiwan, S. Korea account for more than 50% of Hormuz-gas and Europe about 10% (half of that Italy).
Recall Italian state-controlled ENI signed 20-year deal with
$VG in last summer for gas from Phase 1 of CP2. It's ENI's first long-term supply agreement with U.S.-based company.
https://www.eni.com/en-IT/media/press-release/2025/07/eni-announces-20-year-sales-purchase-agreement-with-venture-global.html
Meantime,
$VG shipping cargos to Italy at spot
https://investors.ventureglobal.com/news/news-details/2025/Venture-Global-and-Eni-Announce-20-Year-LNG-Sales-and-Purchase-Agreement/default.aspx