CERAWEEK-Venture Global has adequate long-term supply of LNG, CEO says

HOUSTON, March 24 (Reuters) - Liquefied natural gas exporter Venture Global VG.N has adequate short, medium and long-term supplies and is working with countries around the world to deliver critical cargoes, CEO Mike Sabel said on Tuesday at the CERAWeek energy conference in Houston, Texas.

Markets have been thrown into turmoil following the U.S.-Israeli war with Iran, in which some LNG-producing facilities in the Middle East have been severely damaged.

Venture Global is the second-largest LNG exporter in the U.S. It has said that 31% of its production this year has not been sold under long-term contracts, creating an opportunity to sell LNG to Asian countries most affected by war-related supply disruptions.

Sabel said the company was prepared to enter into short-term contracts with potential LNG buyers.

Louisiana Governor Jeff Landry, who also spoke at the event, said his state would not limit the number of LNG plants it accommodates and that it has the resources including pipelines, deep-water ports and other infrastructure to support the investments.

The biggest impediment to continued LNG growth in Louisiana is the shortage of labor, Landry said.