Feb. 8 at 5:43 AM
$VG I wanted to amplify @Twinity post below because it’s important to understand… VG’s contracts “take-or-pay” This is something that I’ve been meaning to look into and since you (Twinity) brought it up… (*note, article attached below dated Dec 2025) This appears to be true for CP & CP2.
Plaquemines “The project is supported by 20-year contracts on 19.7 MTPA with a shorter-term contract for the remaining 0.3 MTPA. All contracts contain a lifting fee, which consists of a fixed percentage above Henry Hub as well as a fixed capacity fee. The fixed capacity fee is payable regardless of whether cargos are lifted. This contractual structure creates a highly resilient long-term cash flow. In addition, the project entered into short-term contracts for a portion of the cargos that will be lifted during the commissioning process...”
Gold standard for reliable source!
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3497508?utm_source=chatgpt.com
