$VG · Venture Global, Inc.

Venture Global entered into a Power Frame Agreement and Grid Frame Agreement with GE Vernova and Baker Hughes on October 9, 2026, for the supply of power generation equipment supporting up to 16 new 720 MW power island units. If all purchase orders are executed, the aggregate amount payable under both agreements would be approximately $17.2 billion. The company also announced plans to leverage this capacity for LNG-adjacent data center development, targeting up to 10 GW of compute capacity by 2034.

Extended-hours trading shows VG at $13.19, down 0.64% from the regular close of $13.27. The modest after-hours dip suggests the market is weighing the massive $17.2B capital commitment against the long-dated, optional nature of the framework — purchase orders are not yet binding beyond the initial reservation agreement.

Venture Global is leveraging its existing Island Mode power expertise to enter the AI infrastructure race, with a $17.2B equipment framework that could transform it from a pure-play LNG exporter into

This deal positions Venture Global to compete in the emerging "behind-the-meter" AI infrastructure space, where hyperscalers seek grid-independent power. The vertically integrated approach — gas supply, generation, land, and data centers — mirrors strategies pursued by peers like Kinder Morgan and

The $17.2B aggregate amount is subject to adjustment and only becomes binding upon entering definitive reservation agreements and purchase orders. Reservation capacity rights expire on a staggered basis from October 2027 to October 2029 if not exercised. The data center pivot introduces permitting,