CEO Mike Sabel pointed out that due to the impact of Winter Storm Fern, Venture Global, Inc.'s first quarter performance will face a hit of up to $500 million.
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This loss mainly stems from the sharp rise in Henry Hub natural gas prices and delays in multiple batches of liquefied natural gas cargo exports. Extreme weather not only pushed up procurement costs, but also directly caused disruptions in the transportation chain, putting the company under dual pressure.
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