** 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
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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