Venture Global, Inc. 8-K

What Happened

• On January 30, 2026, Venture Global CP2 LNG, LLC (“CP2”), a wholly‑owned subsidiary of Venture Global, Inc., entered into an engineering, procurement and construction (EPC) contract with Worley Field Services Inc. for Phase 2 of the Company’s CP2 LNG export project.
• Worley will provide design, procurement, construction management, installation, testing and related services, integrate equipment supplied by CP2’s vendors, construct the project power plant, and guarantee the operation of the Phase 2 LNG export facilities and their ability to pass specified performance tests. The full contract text will be filed as an exhibit to Venture Global’s Form 10‑Q for the quarter ended March 31, 2026.

Key Details

• Date and parties: EPC contract executed Jan 30, 2026 between Venture Global CP2 LNG, LLC and Worley Field Services Inc.
• Payment structure: Worley will be paid on a reimbursable basis—CP2 reimburses reimbursable costs (materials, transportation, equipment) plus an agreed margin; an estimated reimbursable sum is the contract “target price” subject to limited adjustments (e.g., change orders). Non‑reimbursable costs are borne by Worley.
• Schedule and incentives: The contract sets milestone‑based substantial and final completion deadlines tied to commissioning/performance tests and includes schedule‑driven bonus incentives for Worley.
• Warranties and remedies: Worley warrants compliance with contract specs, use of proven technology, workmanship and materials free from defects, and must correct defects (including redesign/repair with a 12‑month warranty extension for serial defects); Worley must perform tests/inspections during the warranty period upon CP2 request.

Why It Matters

• This is a material construction and delivery agreement for a core project (CP2 Phase 2) that affects project execution, schedule and operational commissioning. The contract assigns integration and performance responsibility to Worley and includes warranties and performance tests that give CP2 contractual recourse if facilities fail to meet specs.
• The reimbursable target‑price structure and the potential for change orders mean the contract can influence project costs and timing; investors should watch future disclosures (including the upcoming 10‑Q) for the contract exhibit and any updates on cost, schedule or milestone achievement.