Venture Global: Iran War Helps Bridge Two Soft Years Before Growth Shoots

Venture Global, Inc. targets major LNG export growth, aiming for 81 MTPA capacity by 2030, with 49 MTPA already contracted long-term. I raise VG stock's fair value to $20/share, citing robust long-term contracts, $134B backlog, and expected EBITDA acceleration post-2027. Short-term turbulence is likely for VG shares—2026 and 2027 are projected as soft years due to fewer high-margin spot cargoes and ongoing legal risks.