Venture Global gains after it starts site work at its third LNG export facility

Shares of LNG producer Venture Global VG.N up ~20% at $14.15

Company says it has started site work at its third LNG export facility, CP2 LNG

The launch comes after CP2 received final approval and notices to proceed from the Federal Energy Regulatory Commission, and weeks after receiving its non-FTA export authorization from the U.S. Department of Energy

VG says it is expected to become the largest LNG exporter in the United States and second largest in the world after completion

"The project is expected to deliver low-cost LNG to the world starting in 2027" - CEO Mike Sabel

Including session's moves, VG up 62.6% YTD