Venture Global (VG) is well positioned to capture incremental LNG demand given the lingering impacts from the Iran conflict, RBC Capital Markets said in a Tuesday note.

The report said the firm reported strong Q1 results despite impacts from Winter Storm Fern and raised its 2026 guidance.

The note said the Iran conflict has taken about 20% of global LNG supply off the market, expecting it to dampen supply near and longer term.

The conflict could keep global LNG prices at elevated levels

especially as the EU looks to refill storage, it added.

"VG is well positioned for meaningful growth as liquefaction projects come online, and can benefit from LNG sales during the longer commissioning process that reduces dependence on external financing for project costs," the report said.

RBC maintained its outperform rating with a $16 price target.

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