UBS initiated coverage of Venture Global (VG) with a Buy rating and $14 price target The firm is modeling nameplate capacity increases from current 30MTPA to 69MTPA by 2030, driven by Calcasieu Pass phase 2 and brownfield expansion at Plaquemines, the analyst tells investors. UBS believes Venture Global can run well above current nameplate capacity, and estimates the effective capacity by end of decade will be closer to 86MTPA.
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